A morning walk down Dalal Street | Crucial support for Nifty placed at 10,750

Indian markets succumbed under the pressure of global as well as domestic cues. The S&P BSE Sensex plunged 769 points or 2.06 percent to mark its worst fall of 2019 in percentage terms, and biggest fall since October 2018.

Investor wealth dropped by over Rs 2.6 lakh crore on Tuesday after the BSE benchmark tumbled more than 700 points, registering its worst drop in terms of points for the first time since 8th July 2019.

The BSE 30-share key barometer tanked 769 points or 2.06 percent to close at 36,562.91. The index closed 792 points lower at 38,720 on 8 July 2019, data showed.

What led to the fall - disappointing GDP data, core sector output which slowed down to 2.1% in July, disappointing auto sales from Maruti, M&M, Tata Motors, PSB merger has more short term challenges in terms of branch network, human resource, NPA recognition etc. as pointed out by analysts.