Nifty and Sensex start sluggishly, as of 10:30 AM, Nifty was down by 0.55%, Bank NIFTY was down by 1.41%, and Sensex was down 0.61%.
Axis Bank share price drop 6.5% after April-June earnings report highlights worsening asset quality, affecting investor sentiment.
Broader markets also decline, with midcap indices down 0.7% and smallcap indices slipping 0.2%.
All 13 indices in the negative, with Nifty Bank and Metal dropping over 1%. Energy, Realty, and IT sectors also decline nearly 1%.
Top Nifty gainers: SBI Life, Tata Motors, L&T, Nestle India, Kotak Mahindra. Top laggards: Axis Bank, Hindalco, Coal India, ICICI Bank, Tata Steel.