MARKETS: Sensex falls 400 pts; Nifty Bank down 1.5%; IT stocks shine | Business Standard News

On the negative side, NTPC slipped 2 per cent.

The broader indices were also considerably in red – the BSE Midcap and Smallcap were down 1.2 per cent and 0.6 per cent, respectively.

Among sectoral indices, the BSE Bankex, Oil & Gas, Power and Realty indices were down around 1.5 per cent each.

The BSE MidCap index was down 1 per cent with index constiutents Biocon, banking and financials such as L&T Finance Holdings, Canara Bank, Union Bank, RBL Bank, Mahindra & Mahindra Finance down 2.5-7 per cent.

Among individual stocks, the shares of Ajanta Pharma rose up to 5 per cent on the BSE after the company said its board will meet on Tuesday, December 28 to consider a share buyback plan.

The major losers were banking stocks, including IndusInd Bank, Kotak Bank, SBI, Bajaj twins, and Axis Bank, that were down 1-2 per cent on the NSE.

Among individual stocks, HCL Technology was the sole gainer on the Sensex, up over 2 per cent.

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