hare brokers react to falling stock prices on screens of computers and television

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	Equity benchmark indices ended Monday&#39;s session in the negative territory owing to heavy selling in banking, pharma and realty counters. Further, lack of any catalysts and subdued global cues, too, restricted market participants from making fresh bets.&nbsp;</div>
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	The S&P BSE Sensex lost 155 points or 0.40 per cent to settle at 38,667, with YES Bank (down 15 per cent) being the biggest drag and Bharti Airtel (up 5 per cent) the top performer. During the day, the headline index of the BSE hit an intra-day high and low of 38,873.12 and 38,401.09, respectively. HDFC, ICICI Bank and HDFC Bank contributed the most to the index&#39;s loss while Infosys and Reliance Industries (RIL) gave the much-needed support.&nbsp;</div>
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	In the broader market, both small and mid-cap indices underperformed the frontline indices. The S&P BSE MidCap index ended at 14,104.13, down 162 points or 1.13 per cent while the S&P BSE SmallCap lost 161 points or 1.21 per cent to end at 13,171.&nbsp;</div>
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	On the NSE, the Nifty50 index closed at 11,477.25 levels, down 35 points or 0.31 per cent.</div>
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	Among the sectoral indices, Nifty Bank lost nearly 800 points or 2.59 per cent to end at 29,103.85. Nifty PSU Bank index hit 52-week low in the intra-day session. The index closed at 2,293.85 levels, down 82.50 points or 3.47 per cent. Pharma stocks, too, bled in the session with the Nifty Pharma index ending at 7,549.20, down 146 points or 1.90 per cent.&nbsp;</div>
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	IT stocks, on the other hand, logged impressive gains with the Nifty IT index surging around 2 per cent to settle at 15,527.55 levels. The Nifty FMCG index also ended in the green.</div>
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	<strong>BUZZING STOCKS</strong></div>
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	Shares of Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance came under pressure after the Reserve Bank of India (RBI) initiated prompt corrective action (PCA) plan on the former. Both LVB and Indiabulls Housing Finance are proposed to merge.<br />
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	That apart, stocks of Indiabulls Group lost in the trade after the Delhi High Court agreed to hear public interest litigation (PIL) seeking special investigation team (SIT) probe into Indiabulls Housing Finance. Indiabulls Housing Finance saw its sharpest intra-day fall since listing, plunging 38 per cent to Rs 240, also its 52-week low on the BSE. At close, Indiabulls Housing settled at Rs 255.50, down over 34 per cent while LVB was locked in the lower circuit band of Rs 34.75, down 5 per cent.&nbsp;</div>
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	YES Bank hit a 10-year low in the intra-day trade on the BSE. At close, shares of the bank stood at Rs 41.45, down 15 per cent.</div>
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	<strong>GLOBAL MARKETS&nbsp;</strong></div>
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	Asian stock markets, including China&rsquo;s, were little changed on Monday, shrugging off news that the US administration is considering delisting Chinese companies from US stock exchanges. MSCI&#39;s broadest index of Asia-Pacific shares outside Japan was flat, while China&#39;s Shanghai stock index slipped 0.1 per cent. European shares were seen struggling when they open for trading. Pan-European Euro Stoxx 50 futures were down 0.11 per cent, German DAX futures down 0.08 per cent and FTSE futures 0.16 per cent lower.</div>
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	<strong><em>(With inputs from Reuters)</em></strong></div>
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MARKET WRAP: Sensex loses 155 pts amid selling in banks; IBHFL tumbles 34%

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MARKET WRAP: Sensex loses 155 pts amid selling in banks; IBHFL tumbles 34% | News on Markets - Business Standard

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At 8:09 am, Brent Crude Futures were at $61.22 per barrel mark<br />
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At 8:05 am, the Singaporean Exchange for Nifty Futures was trading 6 points lower at&nbsp;11,578 mark.<br />
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MARKET WRAP: Sensex loses 155 pts amid selling in banks; IBHFL tumbles 34%

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