Bank stocks were hammered the most, with the Nifty PSU Bank index, which tracks the country's state-owned lenders, tumbling as much as 5.85%. Shares of Indian Bank shed over 13%, while State Bank of India slipped 4.7%. Telecom tower infrastructures provider Bharti Infratel Ltd slid over 8% and was the top percentage loser on the NSE index.

Shares of Maruti Suzuki India Ltd closed down 0.66% after the maker of the iconic Maruti 800 posted a slide in quarterly profit. Infosys Ltd closed down 2.34% after the software exporter said the US Securities and Exchange Commission and the Securities and Exchange Board of India have started a probe into the whistleblower complaints from earlier this week. Shares of Reliance Industries Ltd and Eicher Motors Ltd were among the few gainers on the NSE index, closing up 3.16% and 2.49%, respectively.

Copyright Reuters, 2019