Closing update: Headline indices the Sensex and the Nifty ended lower on May 8, with banks and financial heavyweights such as HDFC twins, ICICI Bank, Kotak Mahindra Bank, State Bank of India and Axis Bank as top drags.
Sensex closed 53 points, or 0.10 percent, lower at 52,275.57 while the Nifty settled with a nominal loss of 12 points, or 0.07 percent, 15,740.10.
Midcaps and smallcaps outperformed as the BSE Midcap index closed with a gain of 0.38 percent and the smallcap index ended 0.93 percent higher.
BSE Metal index closed 1.38 percent lower. BSE Bankex ended 0.96 percent down and the finance index fell 0.68 percent.
News source:- MOneycontrol