Sensex Closes Over 200 Points Lower Paced by Losses In Banking Shares

The S&P BSE Sensex and NSE Nifty 50 indexes declined on Wednesday led by losses in shares like ICICI Bank, Axis Bank, Infosys, ITC, State Bank of India, HDFC and HDFC Bank. For most part of the day, the benchmarks traded in a rangebound manner and switched directions at least 10 times. However, with selloff in banking shares deepening in afternoon deals the Sensex fell as much as 386 points from day's highest level and Nifty 50 index...