Mumbai, July 27: Benchmark Sensex Monday slid over 194 points to settle at 37,935 in a see-saw session, weighed down by intense selling in banking stocks.
Starting off on a positive note, the BSE Sensex got caught in a downward spiral and slumped over 500 points from the day's peak. It managed to recover some lost ground and finally settled at 37,934.73, showing a loss of 194.17 points or 0.51 per cent.
NSE Nifty closed 62.35 points or 0.56 per cent lower at 11,131.80 level.
ICICI Bank, HDFC Bank, Axis Bank, IndusInd Bank and Bajaj Finance emerged as the major laggards, dropping over six per cent.
Asian Paints, HCL Tech, Infosys, TCS, Ultratech Cement and Tata Steel were among the prominent gainers.
Asian shares ended mixed amid concerns over growing US-China friction and fresh coronavirus cases in China and South Korea.
The Indian rupee on the forex market ended unchanged 74.83 against the US dollar.
Meanwhile, Global oil benchmark Brent crude was trading 0.43 per cent lower at US dollar 43.59 per barrel.