The S&P BSE Sensex slumped 70 points, or 0.19 per cent, to 37,242. Vedanta, Tata Motors, Tata Steel, Tech Mahindra, and TCS were the top laggards in the Sensex pack. The broader Nifty50 index was down 15 points, or 0.14 per cent, to 11,014.
All the Nifty sectoral indices, except Nifty Realty. were trading in the red. Nifty Metal and Nifty Pharma indexes were both down over a per cent, each.
In the broader market, the S&P BSE MidCap index was hovering around 13,484, up 7 points. The S&P BSE SmallCap index added 5 points at 12,575.
Shares of IDBI Bank plunged as much as 12.33 per cent to Rs 23.80 apiece in the morning trade on Friday after the lender posted a net loss of Rs 3,800.84 crore for the quarter ended June 30, 2019. The bank had registered a loss of Rs 2,409.89 crore in the year-ago period. READ MORE