Domestic markets end in red despite late recovery, IT, banking stocks drag

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Key Points

The S&P BSE Sensex ended 360.95 points lower at 57,628.95, while the NSE Nifty 50 settled barely above 17,000 after falling nearly 1 per cent..

Benchmark indices erased some losses, but ended the trading session in negative territory..

Benchmark stock market indices started the week on a sluggish note after growing fears of a full-blown global banking crisis spooked investors..

Investors remain worried about the possibility of a deepening global banking crisis, even after the Swiss central bank brokered a deal to rescue one of the worlds top lenders, Credit Suisse...

While the deal provided some support to global markets, banking stocks are likely to remain under pressure, as uncertainty remains over the ongoing global turmoil...

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