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Markets hit one-month low; Nifty dips below 9,500; PSU banks lead decline

The S&P BSE Midcap and the S&P BSE Smallcap indices underperformed to lose 0.8% and 1%

The market hit one-month low on Tuesday with the S&P BSE Sensex slipping below its crucial 31,000 level, while the broader Nifty50 dipped below its key support of 9,500 level. The losses came after public sector banks took a hit following a report that the Reserve Bank of India (RBI) has demanded higher provisioning for loans submitted under the insolvency process.

At 1:42 pm, the 30-share Sensex was trading at 30,921, down 217 points, while the Nifty50 was ruling at 9,498, down 77 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap ...

First Published: Thu, August 10 2017. 13:45 IST
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