Stock markets in choppy waters; Sensex drops 368 points dragged by bank shares

Mumbai, Aug 12 (PTI) Benchmark indices Sensex and Nifty ended lower in a highly volatile trade on Tuesday dragged down by blue-chip bank stocks and caution ahead of domestic and US inflation data. The 30-share BSE Sensex dropped 368.49 points or 0.46 per cent to settle at 80,235.59. During the day, it hit a high of 80,997.67 and a low of 80,164.36, gyrating 833.31 points. The 50-share NSE Nifty went lower by 97.65 points or 0.40 per cent to 24,487.40. Investors are also awaiting cues from the US-Russia talks on August 15. From the Sensex firms, Bajaj Finance, Trent, Hindustan