Closing Bell: Sensex sheds 443 points, Nifty ends below 24,250; private banks drag markets

Synopsis: Indian benchmark indices closed lower on July 20 as selling pressure in private banking stocks weighed on market sentiment. The Nifty settled below the 24,250 mark, while the Sensex declined 443 points. Market Wrap: The Sensex ended 443 points lower at 77,708.52, while the Nifty 50 closed below 24,250 at 24,238.50. Among the Nifty stocks, $AXISBANK , $HDFCBANK , $MARUTI , $KOTAKBANK , and $JIOFIN Services led the declines. On the gaining side, Trent, Cipla, Power Grid Corporation, NTPC, and $JSWSTEEL emerged as the top performers. Private banking stocks remained the biggest drag on the benchmarks, while selective buying in defensives and metal counters limited the downside. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,