Equity benchmarks fell for the second time in a row on Thursday, dragged down by banking and financial indicators, followed by outflows from overseas capital. The 30-share Sensex closed at 60,353.27, down 304.18 points, or 0.50 percent, after failing to sustain its initial gains. It fell 607.61 points (1%) to 60,049.84 on the day.
Wider NSE Nifty dropped 50.80 points, or 0.28%, to finish at 17,992.15.
From the Sensex pack, Bajaj Finance fell 7.21%. Other big laggards were Bajaj Finserv, ICICI Bank, Infosys, Titan, Power Grid, Axis Bank, and HDFC.
Bank, Tech Mahindra, Wipro, Bharti Airtel.
ITC, Hindustan Unilever, NTPC, Mahindra & Mahindra, Nestle, and Larsen & Toubro won big.
Elsewhere in Asia, stock markets in Seoul, Tokyo, Shanghai, and Hong Kong closed in blue.
European stock exchanges traded mixed marks in mid-session trading.
The US market closed in positive territory on Wednesday. Foreign Institutional Investors (FIls) sold shares with a net value of Rs 262.089 billion on Wednesday, stock market data showed.
Market settles lower for 2nd day, dragged down by bank tellers