Sensex ends at 504 points, NSE Nifty drops by 148 points

NSEGuwahati, September 25, 2019:

Sensex ended 504 points or 1.29 per cent lower at 38,593.52 and the NSE Nifty 50 dropped 148 points or 1.28 per cent to close at 11,440.20 on Wednesday.

Banking and financial services were the worst hit, with the country's largest lender, State Bank of India, falling 7.7 per cent.

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This is reported to be the biggest single-day fall since August 24, 2015.

Moreover, all sector gauges barring the IT index ended lower, led by the NSE Nifty PSU Bank Index's 5.6 per cent fall. Nifty Realty, Nifty Auto, Nifty Financial Services, Nifty Private Bank and Nifty Metal indexes also dropped between 1.3-4 per cent each.

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Reportedly, State Bank of India was the top loser in the Nifty 50 basket of shares, the stock fell 7.7 per cent to Rs. 279.30. Tata Motors, Yes Bank, Eicher Motors, Maruti Suzuki, ITC, Mahindra & Mahindra and Hindalco were also among the losers.

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