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At close, Sensex was down 340 points or 0.69% at 49,161, and the Nifty50 sank 91 points or 0.61% to 14,850.
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Stock of J&K Bank traded at Rs 26.10 apiece on BSE, up 2.76 per cent from previous close
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In the broader market, the S&P BSE Mid-Cap index was up 0.39% while the S&P BSE Small-Cap index rose 0.78%.
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On a year-to-date (YTD) basis, the stock has zoomed 51.38% while the benchmark Sensex has added 2.95% during the same period.
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25 out of 30 Sensex stocks are trading in the red. Kotak Mahindra Bank lost the most was down about 2%, HDFC slipped 1.75%, Bajaj Auto, ICICI Bank and Bajaj Finance lost around 1.40%.
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Nava Bharat Ventures has synchronized the 60MW IPP in Odisha with the Grid and has commenced power flows for merchant trade henceforth.
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A sell-off in tech stocks weighed down major U.S. indexes overnight.
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COVID-19 updates, earnings and IIP, CPI data will steer the stock markets in the truncated week
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In the previous session, the BSE Sensex gained 295 points to close at 49,502, while the Nifty50 rose 119 points to 14,942
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Benchmark equity indices extended gains for the fourth straight session as healthy buying observed in blue-chip stocks like Sun Pharma, Dr Reddy's Lab and ONGC along with mid and small-cap stocks