Benchmark indices closed sharply lower as global stocks hit badly due to trade war concerns.
The 30-share BSE Sensex was down 409.73 points or 1.24 percent at 32,596.54 and the 50-share NSE Nifty fell 116.75 points or 1.15 percent to 9,998.05.More than three shares declined for every share rising on the BSE.
Axis Bank, SBI, Vedanta, Hindalco, Tata Steel, Reliance Industries, L&T and Maruti Suzuki declined up to 5 percent.HCL Technologies rallied over 2.5 percent and Tech Mahindra gained 0.5 percent. Nifty Midcap was down nearly 300 points.
Union Bank, IDBI Bank, Bank of India, Andhra Bank, OBC, Allahabad Bank, Jaiprakash Associates, SAIL, MMTC, DHFL, Adani Enterprises, Balrampur Chini, Bajaj Hindusthan, Dalmia Bharat, Fortis Healthcare were down up to Persistent Systems, ICICI Lombard, L&T Technology, Dish TV and Manappuram Finance gained up to 4 percent.
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