Nifty PSU Bank index ends 3.22% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) ALLAHABAD BANK 42.75 44.80 -2.05 -4.58 CANARA BANK 269.90 282.35 -12.45 -4.41 ANDHRA BANK 32.60 34.05 -1.45 -4.26 SYNDICATE BANK 39.55 41.30 -1.75 -4.24 BANK OF INDIA 90.00 93.60 -3.60 -3.85 Sectoral Trend Top Sensex gainers and losers Markets at Close The S&P BSE Sensex ended the day at 37,645, down 224 points while the broadr Nifty50 index setted at 11,356, down 74 points Outlook on Indian banks to stay negative over weak core capital: Fitch Fitch Ratings on Monday said its outlook on Indian banking sector is likely to remain negative until banks, especially the public sector ones, address their weak core capital positions. They need to improve capital base against mounting bad debt and poor financial performance, Fitch said. READ MORE Gold prices fall further on dollar strength Gold prices extended declines into a third session on Monday, as the U.S. dollar climbed to a 13-month high against major peers amid financial crisis in Turkey. Spot gold had dropped 0.2 percent to $1,208.50 an ounce by 0655 GMT, hovering not far from a 17-month low of $1,204 hit earlier in August. U.S. gold futures were down 0.3 percent at $1,215.7 an ounce. READ MORE
The benchmark indices closed lower taking cues from their global cues amid a weak rupee. The S&P BSE Sensex ended the day at 37,645 down 224 points while the Nifty50 index settled at 11,356 down 74 points.
HDFC Bank, down over 1%, was the top drag on the NSE Index after the lender on Friday said its deputy managing director was stepping down. While Nifty Bank index slipped over 1%, the Nifty PSU Bank index, too, ended nearly 3.2% lower.
Rupee at record low
(With Reuters inputs)