Indian benchmark indices ended sharply lower on March 6, with banking and financial stocks leading the decline. The Nifty 50 dropped 315.45 points (1.27%) to close at 24,450.45, while the BSE Sensex fell 1,097.00 points (1.37%) to 78,918.90.
The Nifty Bank also declined 1,272.60 points (2.15%) to end at 57,783.25, reflecting broad selling pressure in banking counters. The Nifty Midcap Select slipped 93.60 points (0.71%) to 13,166.90.
Several heavyweight stocks dragged the benchmark lower during the session.
Shares of ICICI Bank closed at ₹1,315.1, down 3.1%, making it the biggest loser in the Nifty 50 pack for the day.
Eternal ended at ₹233.0, declining 3.0%.
Shriram Finance closed at ₹1,010.7, down 2.8%.
Shares of State Bank of India finished at ₹1,139.8, falling 2.5%, while Axis Bank also slipped 2.5% to close at ₹1,314.9.
Among other notable declines, UltraTech Cement ended the session at ₹11,990.0, down 2.4%.
HDFC Bank closed at ₹857.2, registering a 2.3% drop.
Shares of InterGlobe Aviation fell 2.3% to ₹4,410.0.
HDFC Life Insurance settled at ₹669.0, declining 2.2%, while Adani Enterprises also dropped 2.2% to close at ₹2,042.6.
The losses across banking, financial services, and select large-cap stocks contributed significantly to the decline in the benchmark indices during the session.
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