Sensex slips 581 pts amid hawkish US Fed, F&O expiry; Nifty holds 17,100

Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each

Closing Bell

Last hour recovery in banking and select auto stocks helped benchmarks bounce-back from the day's low, although they failed to turn positive amid feeble global cues.

The benchmark S&P BSE Sensex had started on a weak footing, sliding as much as 1,419 points intra-day to a low of 56,439. However, fag-end buying in heavyweights like Axis Bank, SBI, Kotak Bank, IndusInd Bank, and Maruti Suzuki helped the 30-pack index recoup some of the losses and end 581 points down at 57,277 level.

On the NSE, the Nifty50 index recovered from a low of 16,867 to end at