The S&P BSE Sensex hovered around 47,510 levels, down 102 points, having hit a fresh high of 47,808 in opening deals. The broader Nifty50 index also fell below 19,950.
Banks and financial counters came under slight pressure today after the Reserve Bank of India said that with nearly 40 per cent of the outstanding loans under a moratorium, India’s banking and non-banking financial sectors may face a sharp deterioration in asset quality, going forward. State Bank of India, IndusInd Bank, and HDFC slipped 1 per cent each and were the top Sensex drags.
Among other individual stocks, Paisalo Digital tumbled 10 per cent after Elara India Opportunities Fund reduced its stake to 1.76 per cent from 4.37 per cent earlier.
All the Nifty sectoral indices except Nifty FMCG were trading in the red, with Nifty PSU Bank index, down 1.4 per cent, leading the list of losers.
