Among the components of the S&P BSE BANKEX index, Federal Bank Ltd (down 4.35%), Bank of Baroda (down 4.23%),Bandhan Bank Ltd (down 3.2%),Axis Bank Ltd (down 3%),HDFC Bank Ltd (down 2.82%), were the top losers. Among the other losers were IndusInd Bank Ltd (down 2.76%), AU Small Finance Bank Ltd (down 2.69%), State Bank of India (down 2.47%), Kotak Mahindra Bank Ltd (down 2.22%), and ICICI Bank Ltd (down 1.98%).

At 13:46 IST, the S&P BSE Sensex was down 880.7 or 1.49% at 58239.02.

The Nifty 50 index was down 260.05 points or 1.48% at 17369.75.

The S&P BSE Small-Cap index was down 374.81 points or 1.28% at 29002.54.

The S&P BSE 150 Midcap Index index was down 153.68 points or 1.69% at 8953.89.

On BSE,1037 shares were trading in green, 2341 were trading in red and 136 were unchanged.

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