Sensex ends down banks fall

SENSEX-ENDS-DOWN-BANKS-FALL:Sensex ends down banks fall

The Sensex provisionally fell on Monday as investors discounted deferment of proposed anti-tax avoidance rules, choosing to concentrate on macroeconomic woes such as the fiscal and trade deficit.

India's fiscal deficit during the April-July period rose to Rs 2.64 lakh crore or 51.5% of the full fiscal year 2012/13, government data showed on Friday.

Banking shares continued their Friday's slide, after stronger-than-expected GDP dashed hopes for rate cuts. HDFC Bank shares fell 1.18%, while Reliance Industries ended 1% lower.

The Sensex fell 0.4%, while the Nifty fell a 0.09%.