The Sensex plunged 1,710 points to clsoe at 28,869.51 while Nifty fell 498 points to end at 8,468.80.

According to the pivot charts, the key support level for Nifty is placed at 8208.05, followed by 7947.3. If the index moves up, key resistance levels to watch out for are 8928.55 and 9388.3.

Nifty Bank closed 7.11 percent down at 20,580.20. The important pivot level, which will act as crucial support for the index, is placed at 19717.37, followed by 18854.53. On the upside, key resistance levels are placed at 21993.56 and 23406.93.

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