Nifty Bank index ends 0.69% down. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) YES BANK 374.05 388.60 -14.55 -3.74 ICICI BANK 329.85 337.20 -7.35 -2.18 BANK OF BARODA 147.00 149.85 -2.85 -1.90 INDUSIND BANK 1937.40 1957.20 -19.80 -1.01 IDFC BANK 46.95 47.30 -0.35 -0.74
The S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty50 index settled at 11,557, down 26 points.
Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5 per cent and 2 per cent, respectively. On the National Stock Exchange (NSE), the Nifty Bank index settled 0.7 per cent lower weighed by Yes Bank, Bank of Baroda and ICICI Bank.
Asian stocks fell on Friday after US-China trade talks ended without progress and market focus shifted to a speech by the Federal Reserve chairman for fresh clues on the direction of US monetary policy.
Investors braced for a speech by Federal Reserve chair Jerome Powell for hints on the direction of monetary policy. Powell is set to give a speech later in the day at the Jackson Hole, Wyoming, conference of central bankers.
(With inputs from Reuters)