Sensex settles 433 pts lower as bank stocks fall

Equity indices skid for third consecutive session on Friday with the benchmark BSE sensex falling over 400 points dragged by banking and auto stocks. The 30-share BSE index fell 433 points or 1.13 per cent to close at 37,877; while, the broader NSE Nifty settled 122 points or 1.08 per cent lower at 11,178.