India, May 22 -- Indian shares were sharply lower on Thursday after Wall Street saw one of its most brutal selling sessions overnight in over a month on concerns about deteriorating U.S. fiscal outlook.
The benchmark 30-share BSE Sensex tumbled 800 points, or 1 percent, to 80,794 in early trade while the broader NSE Nifty index was down 265 points, or 1.1 percent, at 24,548.
ITC, Infosys, Hindustan Unilever, Mahindra & Mahindra, Nestle India, HCL Technologies, Tech Mahindra and Power Grid Corp lost 2-3 percent.
Grasim, ITC and Sun Pharma fell around 1 percent ahead of their earnings results due today.
InterGlobe Aviation, the parent company of budget carrier IndiGo, declined 1.4 percent amid concerns that the Indian government may not e...