Sensex bleed 28869 Levels, Bank stocks hit hard


Key front-line indices of the market extended losses in the afternoon session with Nifty falling near 8450-levels.

At close, the Sensex nos-dived by 1709.58 points at 28,869.51 and the Nifty cracked at 8483.50 down by 483.55 points.

Zee Entertainment, Yes Bank, ITC, Tata Steel, TCS and State Bank of India (SBI) only were enrolled the entire winners in the Nifty, while out of 44 falling stocks, top laggards were IndusInd Bank, Bharti Infratel, Bajaj Finance, Kotak Mahindra Bank and Bajaj Finserv, down between 24 and 10 percent. For stock Nifty Option tips visit the link.

All Sectoral indices in the Nifty, except Nifty Media index which closed in green by 0.39 percent, all the remaining indices have ended in the red.

The Bank Nifty plummeted over 1,400 points intraday and closed at 20,853.80 down by 1301 points hitting a 3-year low thus far.IndusInd Bank slumped 13.68-percent, followed by Kotak Bank, which slipped 11.29 percent and HDFC Bank dropped 8.59 percent.

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