Sensex plunges 297 pts; IndusInd Bank tanks 6.15%

Equity benchmark BSE Sensex plunged 297 points on Thursday, dragged by heavy losses in banking, auto and metal stocks amid muted earnings outlook.

After sinking 375 points during the day, the 30-share Sensex ended 297.55 points, or 0.78 per cent, lower at 37,880.40.

It hit an intra-day low of 37,802.93 and a high of 38,130.23.

Similarly, the broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.

Top laggards in the Sensex pack included IndusInd Bank, Yes Bank, Tata Motors, Vedanta, ICICI Bank, SBI, HDFC Bank and Tata Steel, falling up to 6.15 per cent.

On the other hand, Bharti Airtel, RIL, HUL, HCL Tech, PowerGrid, Sun Pharma, Asian Paints and Bajaj Auto rose up to 5.05 per cent.