Indian equity markets ended sharply lower as the financial crisis in the US spread to other countries and the US Congress approved a diluted bailout plan. The benchmark Sensex index fell over 500 points or 3.87% and the Nifty index dropped over 135 points or 3.39% as sector indices for banks, consumer durables, IT and realty declined the most. Trading was nervous with little buying activity due to negative global macroeconomic factors.