Nifty Bank index ends 0.98% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) BANK OF BARODA 98.45 102.65 -4.20 -4.09 IDFC BANK 34.05 35.25 -1.20 -3.40 YES BANK 198.35 204.00 -5.65 -2.77 ST BK OF INDIA 249.55 255.70 -6.15 -2.41 INDUSIND BANK 1491.10 1521.35 -30.25 -1.99
The S&P BSE Sensex ended at 33,690, down 344 points, while the broader Nifty50 index settled at 10,125, down 100 points.
Among the sectoral indices, the Nifty Bank index fell 1 per cent led by fall in the share prices of YES Bank, HDFC Bank and State Bank of India (SBI).
In key individual stocks, Maruti Suzuki settled 0.6 per cent lower at Rs 6,725 on the National Stock Exchange (NSE) after the company reported a 9.8% fall in net profit at Rs 22.40 billion in the September quarter, down from Rs 24.84 billion year ago. It had fallen over 2 per cent to Rs 6,620.20 in intra-day trade. Bharti Airtel settled 6.3 per cent lower at Rs 296 on the NSE ahead of its September-quarter results post market hours.
Sentiments were also affected as the rupee was trading weaker against the dollar. The domestic currency hit an intra-day low of 73.37 against the greenback, down from its previous close of 73.16 per dollar.
Asian shares plunged on Thursday as hundreds of billions of dollars haemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.