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Banking sector stocks depress equity indices

IANS  |  Mumbai 

Massive sell-off in banking sector stocks pulled the key Indian equity indices -- Sensex and NSE -- lower on Wednesday.

According to market observers, heavy selling pressure was witnessed in banking, healthcare and automobile stocks.

At 3.30 p.m. the barometer 30-scrip Sensitive (Sensex) of the receded by 144.52 points or 0.42 per cent to 34,155.95 points from Monday's close. The equity markets were closed on Tuesday.

Similarly, the wider of the National Stock Exchange declined by 38.85 points or 0.37 per cent to 10,500.90 points.

--IANS

rv/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 16:08 IST
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