The broader Nifty snapped its eight-day rally to close at 17,758, down 198 points or 1.1%. IndusInd Bank was the top laggard in the sensex pack, dropping 3.8%. “Profit-booking amid weak global cues impacted domestic indices as concerns about interest rate hikes hung over the markets,” said Vinod Nair of Geojit Financial Services. “Additionally, the recent rally of the dollar index and FIIs turning net sellers has surprised bulls. Broad-based selling was witnessed with the index heavyweights dragging the index further down,” he added. agencies