Benchmark indices erased all gains
made in the morning trade and were trading lower dragged down by
banking, auto, media and metal stocks. Investors also assessed the
implications of the spreading coronavirus in China and beyond.
Heavyweights including Larsen & Toubro, Asian Paints, and Axis Bank,
would announce their results today.
The Sensex traded 113 points at 41,211 and the Nifty was down 32 points at 12,137. ICICI Bank, HDFC, Kotak Mahindra Bank and HDFC Bank were top laggards on the Sensex.
The Nifty Bank index dropped nearly 1% or 226 points at 30,749 levels as selling pressure was witnessed in Kotak Mahindra Bank, RBL Bank, ICICI Bank and Axis Bank.
Shares of RBL Bank and Axis Bank slipped over 1% ahead of Q3FY20 number announcement.
Shares of Kotak Mahindra Bank slipped 1.5% among top loser on the index, followed by RBL Bank, ICICI Bank and Axis Bank were down 1% each.
Punjab National Bank, HDFC Bank, Yes Bank, IndusInd Bank and Federal Bank were also trading lower, on the other hand, IDFC First Bank, Bank of Baroda and SBI were on a flat zone.
Havells, Touchwood Entertainment, Agro Phos and CG Power, Cox & Kings, Rajvir Industries, Reliance Capital, Sical Logistics and Vikas WSP among the stocks that touched their 52-week lows on NSE.
The Sensex traded 113 points at 41,211 and the Nifty was down 32 points at 12,137. ICICI Bank, HDFC, Kotak Mahindra Bank and HDFC Bank were top laggards on the Sensex.
The Nifty Bank index dropped nearly 1% or 226 points at 30,749 levels as selling pressure was witnessed in Kotak Mahindra Bank, RBL Bank, ICICI Bank and Axis Bank.
Shares of RBL Bank and Axis Bank slipped over 1% ahead of Q3FY20 number announcement.
Shares of Kotak Mahindra Bank slipped 1.5% among top loser on the index, followed by RBL Bank, ICICI Bank and Axis Bank were down 1% each.
Punjab National Bank, HDFC Bank, Yes Bank, IndusInd Bank and Federal Bank were also trading lower, on the other hand, IDFC First Bank, Bank of Baroda and SBI were on a flat zone.
Havells, Touchwood Entertainment, Agro Phos and CG Power, Cox & Kings, Rajvir Industries, Reliance Capital, Sical Logistics and Vikas WSP among the stocks that touched their 52-week lows on NSE.
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