Nifty Bank index ends 0.61% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME INDUSIND BANK 1363.95 1412.80 -48.85 -3.46 5626406 KOTAK MAH. BANK 1123.70 1138.10 -14.40 -1.27 1899280 ICICI BANK 345.90 349.40 -3.50 -1.00 33777374 HDFC BANK 1914.00 1926.30 -12.30 -0.64 3138745 AXIS BANK 563.65 566.70 -3.05 -0.54 8421020
The S&P BSE Sensex ended at 33,891, down 176 points while the broader Nifty50 index settled at 10,198, down 52 points.
Among sectoral indices, the Nifty Bank index ended 0.6 per cent lower led by a fall in the shares of IndusInd Bank and ICICI Bank. The Nifty Metal index, too, settled 1.1 per cent lower weighed by Coal India. However, Nifty PSU Bank index rose for the second consecutive day, ending 2.5 per cent higher led by Union Bank of India and Canara Bank.
In individual stocks, Bharat Petroleum Corporation (BPCL) ended around 4 per cent lower at Rs 265.65 on the BSE after the oil marketing company reported a 48.3 per cent decline in its net profit to Rs 12.1871 billion for the second quarter ended September 2018. Among other stocks, Reliance Industries (RIL) fell 2.7 per cent to Rs 1,058.90 on the BSE.
Mainland China's benchmark Shanghai Composite and the blue-chip CSI 300 gained to 1.0 per cent and 1.1 per cent, respectively, winning back earlier losses in a volatile session. Japan's Nikkei average also erased early losses and climbed 1.5 per cent. Traders said investors were looking for bargains among beaten-down stocks.
(with Reuters input)