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PSU banks

Indian stock market bounced back after a shaky start with initial losses led by declines in PSU banks, financial services, pharma, and FMCG sectors.

The benchmark indices fell by over 1 percent as Sensex dropped 836 points, or 1.04 percent, ending at 79,541.79. Nifty also declined by 284.70 points, or 1.16 percent, closing at 24,199.35

The BSE Sensex slipped 73.48 points, or 0.09%, to settle at 81,151.27. Similarly, the NSE Nifty fell 72.95 points, or 0.29%, to finish at 24,781.10

In addition to strong performances in large-cap stocks, mid-cap and small-cap stocks also indian equity showed positive movement.