Sensex Drops 504 Points Dragged By Banking, Auto Shares

The Sensex closed 504 points or 1.29 per cent lower at 38,593.52 and the NSE Nifty 50 index dropped 1.28 per cent or 148 points to close at 11,440 dragged by selling pressure in banking, auto and metal shares.





Analysts said that investors booked profits after nearly 1,000 point rally in the Nifty a day ahead of the derivatives expiry.





The overall market breadth was extremely bearish as 1,755 shares ended lower while 762 closed higher on the BSE.





Top five Nifty losers:





State Bank of India down 7.70%

Tata Motors down 5.92%

Yes Bank down 5.00%

Eicher Motors down 4.54%

Maruti Suzuki down 4.41%





Top five Nifty gainers:



