IDFC First Bank Ltd.(up 1.13 per cent) and Kotak Mahindra Bank Ltd.(up 0.03 per cent) were among the top gainers.
Bank of Baroda(down 2.05 per cent), State Bank of India(down 2.0 per cent), Axis Bank Ltd.(down 1.66 per cent), Canara Bank(down 1.27 per cent) and ICICI Bank Ltd.(down 1.13 per cent) were the top losers on the index.
The Nifty Bank index was down 0.95 per cent at 50031.05 at the time of writing this report.
Benchmark NSE Nifty50 index was down 142.4 points at 22393.45, while the BSE Sensex was down 398.99 points at 73828.09.
Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red.
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Shares of Vodafone Idea, Tata Steel, YES Bank, Suzlon Energy and NMDC were among the most traded shares on the NSE.
Shares of TECIL Chemicals, Keynote Financial, NACL Industries, Shree Rama News and InterGlobe hit their fresh 52-week highs in today's trade, while Carraro India L, Nectar Lifesc, Universal Cable, Gensol Engg and Mayur Uniquoter hit fresh 52-week lows in trade.