Sensex dives 587 points as banking, financial shares plunge; Nifty settles at 15,752 | Business


Jul 19, 2021, 06:26PM ISTSource: ET Now

Equity indices plunged on Monday with the benchmark BSE sensex falling nearly 600 points dragged by banking and financial shares amid weak global cues. The 30-share BSE index fell 587 points or 1.1 per cent to close at 52,553; while the broader NSE Nifty settled 171 points or 1.07 percent lower at 15,752. HDFC Bank was the top laggard in the sensex pack falling up to 3.18 per cent after the lender reported a quarterly profit that missed expectations on Saturday as bad loan provisions rose and asset quality deteriorated. IndusInd Bank, HDFC, Axis Bank, Bajaj Finance, Maruti and Kotak Bank were the other major losers on the BSE index. Whereas, NTPC, Nestle India, Dr Reddy’s, Sun Pharma and ITC were the only gainers rising as much as 2.18 per cent. On the NSE platform, sub-indices Nifty Private Bank, Financial Services, Bank and Auto fell up to 2.04 per cent.

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