Indian markets resumed their southward journey after falling by about 1 percent in the previous week. The S&P BSE Sensex was down by more than 200 points while the Nifty50 failed to hold on to 11900-11880 levels. Banking stocks remained under pressure throughout the trading session after the State Bank of India (SBI) reported bad loan divergence of Rs 11,932 crore for the last financial year, the country's largest lender said in a notification to exchanges. The stock closed 1.04 percent lower at Rs 313.45. Let’s look at the final tally on D-Street – the S&P BSE Sensex fell 247 points to 40,239 while the Nifty50 closed with losses of 80 points to 11,856. Sectorally, the public sector, power, metal, and banking stocks remained under pressure. Broader market underperformed – the S&P BSE Midcap index fell 1.1 percent while the S&P BSE Smallcap index closed with losses of 1.02 percent. On the global front, investors would watch out for any updates on the US-China trade talks, and the outcome of the last policy meeting of the Federal Open Market Committee this year on December 11.