Market Live: Sensex trims losses on recovery in banks; rupee gains 27 paise after hitting 68.13/$
Market Update: The uncertainty over formation of government in Karnataka, asset quality concerns, rupee depreciation and higher crude oil prices dented market sentiment as the Sensex was down 195.43 points at 35,348.51 and the Nifty fell 70.90 points to 10,731.
The Nifty Midcap index trimmed losses to half a percent. About three shares declined for every share rising on the BSE.
ICICI Bank is the biggest loser among Nifty50 stocks, falling 3 percent followed by Reliance Industries, IOC, SBI, L&T, HPCL and UltraTech Cement.