- At 9:21 am, 43 stocks on the 50-scrip NSE Nifty were trading in the negative zone.
- Among state-run banks, IDBI Bank declined 2.9 per cent, Andhra Bank and Canara Bank 1.5 per cent each, while PNB declined 1.4 per cent and SBI 1.3 per cent. Private sector peers ICICI Bank and Yes Bank were trading around 1 per cent lower each.
- Metal stocks declined, with the Nifty Metal – an NSE sub-index comprising metal stocks – down around 1.5 per cent. Tata Steel, JSPL, Hindalco Industries and SAIL were trading with losses between 1.5 per cent and 2.5 per cent.
- Overnight on Wall Street, the S&P 500 lost 1.73 per cent and the Nasdaq Composite dropped 2.93 per cent, making their fourth decline in five sessions.
- Wall Street was knocked hard on concerns about tighter regulations on the tech industry, denting a brief global equities recovery driven by hopes of easing fears of a trade war between China and the US.
(With agency inputs)
