15.47 PM: Closing Bell: Sensex falls 260 pts, Nifty settles below 9,050; banks, financials suffer

Market closing: Snapping the winning streak of the last three consecutive sessions, equity benchmarks Sensex and Nifty ended lower on May 22, dragged by losses in banks and financial heavyweights, including HDFC twins, ICICI Bank and Axis Bank.

Sensex closed the day 260 points, or 0.84 percent, lower at 30,672.59 while Nifty finished with a loss of 67 points, or 0.74 percent, at 9,039.25.

Broader BSE Midcap and Smallcap indices closed 0.83 percent and 0.23 percent down, respectively.

Among the sectors, BSE Finance and BSE Bankex lost 3 percent and 2.44 percent, respectively. On the other hand, IT and Teck indices rose 1.68 percent and 1.44 percent, respectively.

News source: moneycontrol

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