Sensex drops over 1,000 pts intra-day: Top factors behind Thursday's crash

Index heavyweights, Reliance Industries and Tata Consultancy Services contributed the most to the sharp cuts as they slipped between 2-3 per cent.

Bears tightened grip on domestic markets on Thursday amid wobbly global sentiments and weak macro cues. Frontline Nifty50 index dropped over 250 points to hit a low of 17,468 levels, whereas the S&P BSE Sensex crashed over 1,000 points to a low of 58,522 levels. 

However, Nifty50 settled 200 points lower at 17,542 and the S&P BSE Sensex at 58,766, down 750 points.
 

Index heavyweights, Reliance Industries (RIL) and Tata Consultancy Services contributed the most to the sharp cuts as they slipped between 2-3 per cent.
 

Broader markets, however, outperformed benchmark indices as Nifty Smallcap 100 and Nifty Midcap 100 gained