Monday morning has seen panic selling in many of the counters on the bourses. Stocks of Banking and financial institutions have been hit the most while some of the top names from IT have also seen panic selling.
IDFC is topping the losers list on the index with the stock losing 3.7%. PSU Banking major SBI has lost 3%. ICICI Bank and HDFC Bank have also seen selling resulting in 2.7% losses. Kotak Bank is down by 2%. Axis Bank has lost 1.9%. Indus Ind Bank is down by 2.6%.
IT leader HCL Technologies is down by 2.8%. Tech Mahindra and Wipro are down by 1.7%.
The Nifty Midcap index is down by 74 points at 3174. The Nifty Junior index has however lost 323 points at 19491.