Sensex cracks another 341 pts on Friday as banks, IT drag; YES Bank falls 9%

The benchmark indices settled around 1 per cent lower on Friday, led by a fall in the banking, information technology (IT) and fast-moving consumer goods (FMCG) stocks amid weakness in the Asian markets, which fell to a 20-month low.

The S&P BSE Sensex ended at 33,349, down 341 points, while the broader Nifty50 index settled at 10,030, down 95 points.

Among the sectoral indices, the Nifty IT index fell 1.9 per cent due to a fall in the shares of Infosys, Tata Consultancy Services (TCS) and HCL Technologies. The Nifty Bank index, too, declined 1.6 per cent weighed by YES Bank which fell 8.7 per cent after the private lender posted a fall of 3.8 per cent in net profit for the September quarter. The Nifty FMCG index settled 1.4 per cent lower dragged by ITC, which fell even as the company reported 11.92 per cent rise in standalone net profit to Rs 29.55 billion for the quarter ended September 30, 2018.

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