Benchmark Indices failed to keep morning recovery on Monday with Sensex falling 1375-points to close at 28440.32 and the Nifty falling 379-pts at 8281.10. Banking, financial and Realty sectors hit hard as investors worry that the next few quarters may see a sharp rise in nonperforming assets and credit growth fall.
BajajFinance, HDFC, Kotak Bank, HDFC Bank and Tata Steel were among major losers on the Nifty pack of stocks, while Cipla, Nestle India, Tech Mahindra, Axis Bank and DrReddys were top gainers.
Bajaj finance declined a massive 11.9-pc, while HDFC slumped 10.8-pc in trade. Yes Bank shares declined for the eighth consecutive day today by closing at Rs24.90-per share. Track the best stock to watch today, latest market updates from here.
Auto stocks slipped hard with Bosch, Eicher Motors, Maruti, Mahindra & Mahindra 6 to 8 percent by the Auto index pointing down by over 5 percent.
Financial stocks slipped the most with Nifty Fin Services down 7.43-pc and Nifty Bank indices falling over 6-pc and Nifty Metal index dropped 2.86-pc for the day.