Bank stocks HDFC Bank and State Bank of India contributed most to the Sensex fall. NTPC, Tata Motors and Bajaj Finance also contributed to the decline.

The Nifty 50 continued its downward trend for the fourth consecutive trading session, closing 1.15% lower at 23,863 points. Similarly, the Sensex ended the day in the red, shedding 1.01% to finish at 78,

Indian benchmark indices opened higher on Tuesday but quickly reversed gains as bank and auto stocks came under pressure, following three straight sessions of losses due to weak earnings and persistent foreign outflows.

Domestic benchmark equity indices fell on Friday, closing the week in negative territory. Concerns over weak corporate earnings and continued foreign outflows overshadowed gains in information technology stocks,

At opening bell, the BSE Sensex was down 418.99 points, or 0.53 per cent, at 79,067; while the Nifty 50 was at 24,036, down 112.10 points, or 0.46 per cent. With Republican candidate Donald Trump emerging as the President-elect of the US,