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The 30-share BSE benchmark fell by 1,144.8 points 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20.
The valuation of Tata Consultancy Services (TCS) advanced Rs 109.77 cr to Rs 12,26,093.23 cr and that of ITC climbed Rs 62.36 cr to Rs 5,40,699.70
In Asian markets, Seoul and Hong Kong traded lower, while Shanghai quoted in the green.
The market capitalisation (mcap) of BSE-listed firms settled at a record Rs 3,04,53,859.15 crore on Wednesday.
The valuation of Reliance Industries jumped Rs 57,338.56 crore to Rs 17,83,043.16 crore, the most among the top-10 firms.
The stock tanked 13.93 per cent to close at Rs 24.16 apiece on the BSE. During the day, it plummeted 19.30 per cent to its 52-week low of Rs 22.65
The 30-share BSE benchmark zoomed 1,344.63 points or 2.54 per cent to settle at 54,318.47 points with all of its constituents closing in the green.