Stocks that rallied over 10% included, Dishman Carbogen(13.79%), Acrysil(13.45%), Everlon Synth(12.39%) and VRL Logistics(10.93%).
The 30-share Sensex traded 713.25 points down at 80883.38, while the 50-share Nifty index fell 215.61 points to 24597.85.
In the Nifty 50 index, 6 stocks traded in the green, while 44 stocks were in the red.
Stocks such as Addi Industries, VRL Logistics, Paramone Concepts, Timex Group and Interarch Building hit their fresh 52-week high, while Aditya Birla Retail, R K Swamy, Sybly Ind, Sunshine Capital and Enbee Trade Fin touched their new 52-week low in trade.