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Markets: Sensex tanks 450 pts, Nifty below 11,400; Nifty Bank falls 500 pts

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

(Photo: Kamlesh Pednekar)
(Photo: Kamlesh Pednekar)
The Indian markets, on Friday, tracked the overnight plunge in the US markets, and were trading over one per cent lower amid across-the-board selling.

The S&P BSE Sensex dipped 456 points, or 1.17 per cent, to 38,560 levels and the Nifty50 index gave up the psychological level of 11,400. ICICI Bank, State Bank of India, and IndusInd Bank, all cracked 2 per cent each, and were the top Sensex losers. All 30 constituents of Sensex were trading in the red.

All the Nifty sectoral indices were painted red, led by Nifty Bank index which fell 2.5 per cent.

The broader mirrorred the losses in the benchmarks, with both the S&P BSE MidCap and SmallCap indexes trading with nearly one and half per cent cut.

Results today

A total of 68 companies including Nalco, Future Retail, and Jubilant Life Sciences, are scheduled to announce their June quarter earnings today.

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