28 percent at Rs.277; ICICI Bank, down 2.37 percent at Rs.739.65; Grasim Consultants, down 1.77 percent at Rs.2,837; and SBI, down 1.7 percent at Rs.1,680.50.

Data with the market watchdog, Securities and Exchange Board of India (SEBI), showed foreign funds were net buyers, lapping up scrips worth a little over $92.5 million.

In other Asian markets, the Nikkei 225 Stock Average, a key index of the Tokyo Stock Exchange, ended flat and closed a marginal 1.4 points below its previous close at 10,087.26 points.

The slump came after nine consecutive days of gains with investors becoming sceptical over the sustainability of the rally.

The Hang Seng, the primary index of the Hong Kong Stock Exchange, also rose smartly to 20,624.54 points, up 372.92 points.

European markets were sluggish, with the FTSE of Britain ruling in the red at 4,575.57 points, down 10.56 points.

Its French peer CAC 40 was ruling at 3,377.68 points, a mere 5.32 points higher than its previous close.

Futures of key US market indices pointed to a weak opening of the main indices Tuesday with the Dow Jones Industrial Average, Standard and Poor's 500 and the Nasdaq futures ruling 0.2-0.3 percent below its last close.