Bears took control of stock markets as benchmark indices, Nifty50 and Sensex, slipped over 2 per cent each, while Bank Nifty slumped over 800 points.
Sensex tanked 1170.12 points or 1.96% to settle at 58,465.89, while Nifty closed at 17,441.05, down 323.75 points or 1.82%.