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The market hit one-month low on Tuesday with the S&P BSE Sensex slipping below its crucial 31,000 level, while the broader Nifty50 dipped below its key support of 9,500 level.
The losses came after public sector banks took a hit following a report that the Reserve Bank of India (RBI) has demanded higher provisioning for loans submitted under the insolvency process.
At 1:42 pm, the 30-share Sensex was trading at 30,921, down 217 points, while the Nifty50 was ruling at 9,498, down 77 points.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices underperformed to
