It’s not the perfect finish to the week as benchmarks closed with deep cuts; the Nifty ended below 200-day moving average (DMA). Interestingly, there was a minor patch of green on equities through the day, but a sharp sell-off in the last two hours weighed on indices.

The Sensex slipped a little over 450 points intraday from the day’s high points. Among the broader markets too, the Nifty Midcap slipped around 2 percent from its highs and ended 1.6 percent

Banks were one of the big losers along with automobiles and metals, while less selling was visible pharmaceuticals and energy names.

The Bank Nifty, meanwhile fell around 300 points off highs, with ICICI Bank contributing 100 points to the fall.