Au Small Finance Bank Ltd.(up 0.67 per cent) and HDFC Bank Ltd.(up 0.34 per cent) were among the top gainers.
Bank of Baroda(down 2.12 per cent), Federal Bank Ltd.(down 1.97 per cent), Punjab National Bank(down 1.84 per cent), Axis Bank Ltd.(down 1.3 per cent) and State Bank of India(down 0.96 per cent) were the top losers on the index.
The Nifty Bank index was down 0.54 per cent at 51408.05 at the time of writing this report.
Benchmark NSE Nifty50 index was down 152.7 points at 25127.15, while the BSE Sensex was down 416.37 points at 82139.07.
Among the 50 stocks in the Nifty index, 9 were trading in the green, while 41 were in the red.
Shares of Vodafone Idea, YES Bank, JM Financial, Reliance Power and HFCL were among the most traded shares on the NSE.
Shares of Refex Industries, NIIT, Pondy Oxides, IIFL Securities and Kitex Garments hit their fresh 52-week highs in today's trade, while Globale Tessile, Mahalaxmi Fabric Mil, Signpost India, Brainbees Solutions and SAB Events & Governance hit fresh 52-week lows in trade.