MARKET LIVE: Sensex slips 200 pts, Nifty below 10,800; metal, PSBs drag

MARKET LIVE: Sensex slips 200 pts, Nifty below 10,800; metal, PSBs drag

Benchmark indices were trading with over half a per cent cut in Thursday's early morning trade, dragged down by metals and bank stocks.The S&P B

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Benchmark indices were trading with over half a per cent cut in Thursday’s early morning trade, dragged down by metals and bank stocks.

The S&P BSE Sensex slumped 220 points, or 0.6 per cent, to 36,340 levels. YES Bank, Tata Steel, ICICI Bank, IndusInd Bank, and Tech Mahindra were the top laggards in the Sensex pack. The broader Nifty50 gave up the 10,800-mark and was hovering around 10,790 levels, down 50 points, or 0.5 per cent.

All the Nifty sectoral indices were trading in the red. Nifty Metal index down 1 per cent, Nifty Private Bank, Nifty Bank, and Nifty IT indexes all down 0.8 per cent were among the worst hit.

In the broader market, the S&P BSE MidCap index dipped 40 points, or 0.3 per cent, to 13,400 levels, and the S&P BSE SmallCap index was down 40 points, or 0.86 per cent, to 12,850 levels.

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