The S&P BSE Sensex recouped some losses after slipping over 200 points in intraday trade amid selling in the banking stocks after the Reserve Bank of India’s stress test suggested a likely rise in bad loans for private sector lenders.

The 50-share Nifty index also reclaimed its crucial psychological level of 8350.

The fall was led by declines in private banks such as ICICI Bank. Bank Nifty declined over 1 per cent.

Investors were also cautious among weak cues from global markets. The sentiment was hurt as Greece failed to reach an agreement with its creditors on Thursday and is now staring at default.
Source: http://economictimes.indiatimes.com/markets/stocks/news/sensex-volatile-nifty-tests-8350-top-bets/articleshow/47824318.cms