Market closes lower; ICICI Bank, HDFC Bank drag

Market-Today

Indian market key benchmark indices closed lower on Monday due to the heavy slip in the bank index after about a month. ON closing, the BSE Sensex slipped 194-pts points to 37934.73 while the NSE Nifty index ended at 11,132, down 62-pts.

Nifty Midcap-00 and Smallcap100 indices ended 1.32-pc and 0.60-pc lower respectively. Nifty Bank index showed the worst-performing index today, down 3.59-pc followed by Nifty Pharma and Financials.

Nifty IT and Nifty Metal indexes were the only ones to closed in the green, with IT index up 2-pc higher. Asian Paints, HCL Tech, Infosys, UltraTech and TCS were the top Nifty50 gainers while ICICI Bank, Zeel, HDFC Bank, AxisBank and IndusInd Bank were top losers. Get more information on Best stock and top stocks to buy seek expert from our website.

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