The Sensex, a key Indian stock market index, lost 253 points or 1.84% to close at 13,504 points. The fall was led by heavyweight Reliance Industries, which fell over 4%. Broader market indices like the midcap and smallcap indexes also ended lower. Most sectoral indices declined, with the exception of IT stocks like Wipro and Infosys. Foreign funds were net sellers, shedding $59.6 million worth of shares. Other Asian markets like Japan's Nikkei and Hong Kong's Hang Seng also closed lower. European markets were trading in the red as well.