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Sensex falls 443 points as HDFC Bank, Axis Bank drag markets lower<\/p>\n<\/div>\n
Benchmark equity indices ended lower on Monday, weighed down by sharp losses in HDFC Bank and Axis Bank following their quarterly earnings, while renewed US-Iran tensions also dampened investor sentiment.<\/p>\n
The BSE Sensex fell 442.93 points, or 0.57%, to close at 77,708.52 after tumbling as much as 783.16 points during the session. The NSE Nifty50 declined 95.80 points, or 0.39%, to settle at 24,238.50.<\/p>\n
Axis Bank was the biggest loser among Sensex stocks, plunging 5.48%, while HDFC Bank dropped 5.12% after its earnings disappointed investors, particularly on net interest margins (NIMs).<\/p>\n
Other major laggards included Maruti Suzuki, Kotak Mahindra Bank, Infosys, Tata Consultancy Services, Mahindra & Mahindra and Bharat Electronics. On the other hand, Trent, Power Grid, NTPC and Bharti Airtel ended with gains.<\/p>\n<\/div>\n