Sensex lowers by 650 points, Nifty slips below 9,100; Maruti, HDFC Bank down over 4% each

The domestic equity market benchmarks BSE Sensex and Nifty50 were trading over 1 per cent down on Tuesday following weak global cues. The 30-share Sensex was down 390 points or 1.23 per cent at 31,171, while the broader Nifty 50 index was trading at 9,137, down 102 points or 1.10 per cent. Out of 30 stocks that constitute BSE Sensex, 23 scrips were trading in deep sea of red. 

HDFC Bank was the top Sensex loser, down 2.83 per cent, followed by Asian Paints, Maruti Suzuki, ICICI Bank and Axis Bank. On the flip side, Sun Pharma was the top gainer on the Sensex pack, up 0.71 per cent. NTPC, Bharti Airtel, Nestle India, ITC and Tech Mahindra were among other gainers. Barring Nifty Pharma, all the sectoral indices were trading in the negative teritorry. 

Nifty Bank index was down 2.18 per cent or 413 points dragged by RBL Bank, HDFC Bank and Federal Bank. While Nifty Pharma was trading higher led by gains in Aurobindo Pharma, Cipla and Dr Reddy’s Laboratories.