Stock Markets Live: Sensex, Nifty Decline; Nifty Bank Down 350 Points

• Benchmark indices extend losses; fall to the day's low
• Nifty down 1% at 13,401
• Sensex down 0.8% at 45,717
• Nifty Bank down 1.1% at 30,387
• Nifty Midcap index down 1.5%
• Nifty Smallcap index down 1.75%
• India Volatility Index unchanged at 18.92
• Nifty Media and Nifty PSU Bank are the top sectoral laggards; down 3% each
• Nifty Metal index down 1.3% while the realty index declines 1.6%
• Nestle India is the top Nifty gainer; up 1.3%
• UPL is the top Nifty laggard; down 15%
• 44 out of the 50 index constituents decline
• 1,438 stocks on the NSE decline while 336 trade with gains

Indian equity markets opened with modest losses in today's session, after a multi-day gaining streak, tracking subdued global cues.

The S&P BSE Sensex opened 0.23% lower at 45,999 while the NSE Nifty 50 index opened below the mark of 13,500 - down 0.3% at 13,488. As of closing on Wednesday, the Sensex has gained for five straight days while the Nifty has had a seven day winning run.

Sectoral indices too have opened flat. The Nifty Bank index is down 0.5% while the PSU Bank index has opened 0.8% lower.

Nifty I.T. and Nifty Media are down 0.5% each. Other indices are flat.

Broader markets have barely moved from Wednesday's closing levels at the start of the weekly options expiry session. Both Nifty Midcap and Smallcap are unchanged.