Markets end in deep red on political uncertainty

The markets saw a sharp cut in today''s session on account of political concerns looming large. They opened in positive taking cues from Asia but saw a sharp fall.

Some of the Asian markets which opened in green were off day''s high and ended weak.

Sensex was down nearly 300 points or 2%. Broader markets have taken it on their chin and are the midcap and smallcap indices were down 4%. Breadth of the market was absolutely weak, with advance decline ratio at 1:10.

Sensex closed down 281.97 points or 1.59% at 17491.39, and the Nifty down 100.75 points or 1.94% at 5085.10.

About 621 shares have advanced, 2364 shares declined, and 56 shares are unchanged.

Heavy selling was witnessed across the sectors led by realty, metals and pharma.