The market continued to fall for the third straight session, as turmoil in the US banking space weighed down global peers. Equity benchmarks lost 1.5 percent on March 13, taking the total three-day loss to over 3 percent.
The BSE Sensex tanked nearly 900 points to 58,238, while the Nifty50 plunged over 250 points to 17,154, the lowest closing level in last five months, forming long bearish candle on the daily scale, as the sell-off was seen across sectors with banks taking the lead in correction.
