Mumbai: Benchmark equity indices fell another 300 points on Monday, led by a fall in shares of private banks and steel companies. The Sensex fell 301.94 points, or 0.75%,to 38,529.66, while the Nifty was down 86.25 points, or 0.75%, to 11,421.60. Among private banks, Yes Bank fell 9%, RBI Bank 7%, Indusind Bank 6.2%, ICICI Bank 6.2% and Kotak Mahindra Bank 1.5%. The Nifty Private Bank index declined 2.1%. Lakshmi Vilas Bank fell 5% after the Reserve Bank of India placed the private bank under its prompt corrective action (PCA) framework.

Source: Mint September 30, 2019 04:12 UTC