Among the components of the S&P BSE Finance index, Mahindra & Mahindra Financial Services Ltd (down 6.96%), Shriram Transport Finance Company Ltd (down 6.36%),Bank of Maharashtra (down 6.04%),Kotak Mahindra Bank Ltd (down 5.48%),Indian Overseas Bank (down 5.41%), were the top losers. Among the other losers were AU Small Finance Bank Ltd (down 5.4%), Bajaj Finserv Ltd (down 5.3%), RBL Bank Ltd (down 5.24%), Bajaj Finance Ltd (down 5.17%), and REC Ltd (down 5.14%).
On the other hand, South Indian Bank Ltd (up 7.3%), Dewan Housing Finance Corporation Ltd (up 4.76%), and MAS Financial Services Ltd (up 3.8%) moved up.
At 13:49 IST, the S&P BSE Sensex was down 1609.6 or 3.15% at 49429.71.
The Nifty 50 index was down 478.85 points or 3.17% at 14618.5.
The S&P BSE Small-Cap index was down 176.65 points or 0.87% at 20128.33.
The S&P BSE 150 Midcap Index index was down 106.34 points or 1.56% at 6695.09.
On BSE,923 shares were trading in green, 1897 were trading in red and 163 were unchanged.
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