The key domestic indices ended on a sharply negative note. Nifty Financial Services, Nifty Private Bank and Nifty Bank shares declined.

As per provisional closing data, the barometer index, the S&P BSE Sensex, tanked 1247.71 points or 1.67% to 73,580.54. The Nifty 50 index posted steep losses of 383.70 points or 1.64% to 23,063.10. In the past three trading sessions, the Nifty and Sensex slipped by 1.50% and 1.71%, respectively.

The broader market surpassed the frontline indices. The BSE 150 MidCap Index registered heavy losses of 2.07% and the BSE 250 SmallCap Index declined 1.28%.

The market breadth was fragile. On the BSE, 1679 shares advanced and 3454 shares retreated. A total of 207 shares were unchanged.

HDFC Bank Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 295.75 lakh shares and saw a sharp decline of 2.81% compared to last one-week’s average daily volume. The stock has risen slightly by around 1.13% in last one-month and has dropped sharply 22.98% over last one year.

HDFC Life Insurance Company Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 179.06 lakh shares and saw a sharp increase of 319.96% compared to last one-week’s average daily volume. The stock has moved higher 1.55% in last one-month and has tumbled 27.55% over last one year.

Index action

The Nifty Financial Services index shed 2.39% to 24954.15 today. The index is modestly higher by 1.20% in last one week and has edged lower 2.27% over last one month. It has slipped by 3.74% in last one year. Max Financial Services Ltd (down 9.78%), HDFC Life Insurance Company Ltd (down 6.16%), Bajaj Finance Ltd (down 5.87%), Cholamandalam Investment & Finance Company Ltd (down 5.20%) and Axis Bank Ltd (down 4.56%) fell.

The Nifty Private Bank index decreased by 2.19% to 26763.95 today. The index is up 0.29% in last one week and has posted modest losses of 0.50% over last one month. It has gained modestly by 1.13% in last one year. IDFC First Bank Ltd (down 4.71%), Axis Bank Ltd (down 4.56%), Bandhan Bank Ltd (down 4.43%), IndusInd Bank Ltd (down 4.15%) and RBL Bank Ltd (down 3.56%) slipped.