Indian Benchmark indices closed 1% each lower amid sell-off emerged across sectors.
The Sensex slipped 361 points at 38,305 and the Nifty50 declined 114 points to 11,359.
All sectoral indices saw selling with Nifty all Banking sectors, Realty, Media, FMCG, Pharma and Metal falling between 1 to4%.
39 stocks out of the Nifty-50 constituents caught in selling pressure, while rest 11 stocks witnessed buying.
Sectoral Nifty Bank index settled 1.30% lower at 28,725.50, down by 377 points, while the Nifty IT index closed 1.54% lower to settle at 15,300-level.
The Fast Moving Consumer gauge Nifty FMCG settled 1.07% lower at 30,801, whereas the Nifty Auto index ended lower by 0.39% to conclude at 7,464. Also, the Nifty Metal index cracked 4.33% to settle at 2,397 in the first trading session of the month. For stock market updates visit our website.
Gainers: BPCL (+4.85%), M&M (+2.17%), HDFC Bank(+1.85%), IOC (+1.09%), Maruti Suzuki (+1.05%) on Nifty.
Losers: YES Bank (-22.22%), ZEEL (-10.79%), INDUSIND Bank (-5.61%) ,SBI (-5.37%), GRASIM (-0.5%) on the Nifty.
In the 30-stock Sensex pack, HDFC Bank, M&M and Maruti Suzuki were major gainers, whereas Yes Bank, IndusInd Bank, and SBI were come out the top losers name. Get best stock Tips from the experts.