The Nifty and the Sensex and today plunged more than one percent in the afternoon trade. The key domestic stocks fell amid mixed cues from the global equity markets. The Nifty was trading near 17,700 level and the Sensex was trading below the 59,500 mark.
The NSE Nifty declined 235 points, or 1.3 percent, to trade at 17,703. The BSE Sensex tumbled 857 points, or 1.43 percent, to trade at 59,242.
In the forex market, the rupee was trading almost flat at 74 rupees and 44 paise against the US dollar in afternoon deals.