Extending their losses, the 30-share BSE Sensex declined 539.35 points, or 0.70 per cent, to settle at 76,933.59, while the 50-share NSE Nifty declined 116.90 points, or 0.48 per cent, to end at 24,090.85

The issue pertains to allegations of HDFC promising Maharashtra State Road Development Corporation, a 6.01 per cent interest rate to attract big its deposits, which constituted a hefty 2.51 per cent markup over the standard 3.5 per cent savings rate offered to regular customers in violation of the RBI norms