Market Closing Update :
The market ended with severe cuts today, Banks sharplygot declined. The Sensex dived 586.65 points or 2.2 percent at 25696.44, and the Nifty slipped 185.45 points or 2.3 percent at 7785.85. About 620 shares advanced, 2064 shares declined, and 100 shares were unchanged.
Axis Bank topped the selling list on Sensex, down over 5 percent followed by Coal India and Hindalco Industries with 4.5 percent loss.
The sharp fall in HDFC, HDFC Bank, L&T, ITC, ICICI Bank, SBI, Reliance Industries, Lupin, Tata Motors, Bharti Airtel (which dropped 2-3.5 percent) indicated that there may be some selling by FIIs.
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