Among the components of the S&P BSE BANKEX index, HDFC Bank Ltd (down 4.54%), Bandhan Bank Ltd (down 4.28%),ICICI Bank Ltd (down 4.03%),Bank of Baroda (down 3.71%),Kotak Mahindra Bank Ltd (down 2.78%), were the top losers. Among the other losers were IndusInd Bank Ltd (down 2.73%), State Bank of India (down 2.42%), Federal Bank Ltd (down 1.5%), Axis Bank Ltd (down 0.66%), and AU Small Finance Bank Ltd (down 0.45%).
At 13:51 IST, the S&P BSE Sensex was down 948.5 or 1.69% at 55298.78.
The Nifty 50 index was down 238.7 points or 1.42% at 16555.2.
The S&P BSE Small-Cap index was up 4.14 points or 0.02% at 26666.47.
The S&P BSE 150 Midcap Index index was down 41.62 points or 0.51% at 8123.81.
On BSE,1580 shares were trading in green, 1686 were trading in red and 130 were unchanged.
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