Sensex ended at 50,405, showing a decline of 440 points or 0.87% over the previous close.
The Nifty 50 index was down 115.9 points or 0.77% at 14964.85.
Market experts suggest staying invested in the Heranba for the long-term.
CLSA said that there are early signs of reversal in this sector after years of decline.