Among the components of the S&P BSE BANKEX index, Axis Bank Ltd (down 3.97%), IndusInd Bank Ltd (down 3.68%),HDFC Bank Ltd (down 2.61%),City Union Bank Ltd (down 2.53%),ICICI Bank Ltd (down 2.43%), were the top losers. Among the other losers were State Bank of India (down 1.46%), Kotak Mahindra Bank Ltd (down 1.08%), Federal Bank Ltd (down 0.98%), Bandhan Bank Ltd (down 0.81%), and RBL Bank Ltd (down 0.2%).

At 13:48 IST, the S&P BSE Sensex was down 738.68 or 1.53% at 47608.91.

The Nifty 50 index was down 220.95 points or 1.55% at 14017.95.

The S&P BSE Small-Cap index was down 90.4 points or 0.5% at 18120.4.

The S&P BSE 150 Midcap Index index was down 68.7 points or 1.12% at 6077.65.

On BSE,1006 shares were trading in green, 1772 were trading in red and 150 were unchanged.

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