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Sensex falls by 216 pts, Nifty ends at 11,914; IT, bank stocks drag

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Equity benchmarks treaded lower for the second straight day on Friday, weighed by losses in IT and bank stocks, as investors baulked at expanding their portfolios amid stretched valuations and growth concerns. After trading on a weak note through the day, the 30-share BSE Sensex ended 215.76 points, or 0.53 per cent, lower at 40,359.41. Similarly, the broader NSE Nifty settled 54 points, or 0.45 per cent, down at 11,914.40.

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