15.38 PM: Closing Bell: Sensex, Nifty close in the red; banking stocks top drags

Market closing: Sensex ended 171 points, or 0.45 percent, lower at 38,193.92 while Nifty settled 39 points, or 0.35 percent, lower at 11,278.

The BSE Midcap and Smallcap indices closed 0.28 percent and 0.94 percent down, respectively.

Market pared losses with support from select heavyweights such as Reliance Industries, Bharti Airtel, Asian Paints and Tata Steel.

News Source:- Moneycontrol

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