Sensex dive 587 points as banking, financial stocks plunge; Nifty Settles at 15.752Jul 19, 2021, 18:26 Istsource: Et AboutQuity Indices falls on Monday with BSE Sensex benchmarks falling nearly 600 points dragged by banking and finance.
The 30-share BSE index fell 587 points or 1.1 percent to close at 52,553; While the wider NSE settled 171 points or 1.07 percent lower at 15,752.
The HDFC Bank is the top lambment in the sensex package down to 3.18 percent after lenders report quarterly profits that missed expectations on Saturday because loan provisions were jammed and the quality of assets deteriorated.
Indusind Bank, HDFC, Axis Bank, Bajaj Finance, Maruti and Bank Box are other major losers on the BSE index.
In fact, NTPC, Nestle India, Dr.
Reddy’s, Sun Pharma and ITC are the only enhancer that rose as much as 2.18 percent.
On the NSE platform, the sub-index of private banks, financial services, banks and automatically fell to 2.04 percent.
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