Benchmark stock indices on Tuesday crashed over 2 per cent and the rupee tumbled 97 paise to a level not seen in over 9 months as unpleasant news continued to flow in for the Indian economy. The BSE Sensex crashed about 770 points and the NSE Nifty dived over 225 points after investors indulged in panick selloffs as dismal GDP print, weak core sector growth and disappointing auto sale numbers pointed to deepening economic crisis in the country.

The benchmark indices also saw their biggest intra-day plunge in nearly 11 months. Massive selloffs in equities saw investor wealth eroding by Rs 2.55 lakh crore. Indian markets, after an extended weekend, opened on Tuesday sharply lower reacting to country's worsening macro-economic situation as well as weak global cues attributed to long-lasting US-China trade tiff. After plunging 867 points during the day, the 30-share index ended 769.88 points, or 2.06 per cent, lower at 36,562.91. The broader Nifty too sank 225.35 points, or 2.04 per cent, to settle at 10,797.90. The Indian rupee plunged 97 paise to close at 72.39 per US dollar on Tuesday.