Sensex dips 196 points, banking stocks slip

A benchmark index of Indian equities markets Friday was trading 196.10 points or 0.77 percent down as banking stocks dipped.

All the stocks were trading in red and heavy selling pressure was seen in banking, auto, capital goods, metal and oil and gas sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,406.87 points, was trading at 25,392.91 points (at 09.15 a.m.) in the early session, down 196.10 points or 0.77 percent from the previous day's close at 25,589.01 points.

The Sensex has touched a high of 25,406.87 points and a low of 25,392.91 points in the trade so far.

The S&P BSE bankex tanked by 181.23 points, auto index dropped by 156.13 points, metal index dipped by 133.62 points, capital goods index slid by 135.19 points and oil and gas index was down by 109.92 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 83.20 points or 1.09 percent down at 7,566.05 points.