Sensex declines 298 pts as banks slide; Nifty ends at 11,235

Thursday,   10-Oct-2019   04:01 PM (IST)

After a one-day rally, domestic equities once again came under pressure on Thursday amid brisk selling in banking counters. Nifty Bank, which jumped over 1,000 points in the previous session, today tumbled like a pack of cards (down nearly 800 points), thus, erasing a large portion of the gains made yesterday. The S&P BSE Sensex lost 298 points or 0.78 per cent to settle at 37,880.40, with IndusInd Bank (down over 6 per cent) being the biggest loser and Bharti Airtel (up 5 per cent) the top gainer. HDFC Bank, ICICI Bank, IndusInd Bank, ITC and SBI (State Bank of India) contributed the most to the index's fall. During the day, the index hit an intra-day high and low of 38,130.23 and 37,802.93 levels, respectively. In the broader market, the S&P BSE MidCap index ended at 13,748 levels, down 121 points or 0.87 per cent while the S&P BSE SmallCap index closed at 12,723.30, down 73 points or 0.57 per cent.  On the NSE, the broader Nifty50 index of the National Stock Exchange ended at 11,234.55, down 79 points or 0.70 per cent.  Sectorally, all the indices on the NSE ended in the red.