RBI Governor D Subbarao dashes interest rate cut hopes, Sensex closes 169 pts down
Sensex. Tata Steel and Jindal Steel also closed lower.
Besides, a weakening trend in the Asian region and lower opening in European markets also triggered selling in Indian stocks. Shares of Infosys, which had been in the limelight in the past few sessions, succumbed to profit booking. However, TCS rose 1.03 per cent.
On the global front, Asian markets, excepting Singapore which closed higher, finished with losses up to 2.56 per cent.
European shares were also trading weak in their afternoon deals on lower Asian cues. The CAC was down by 0.31 per cent, the DAX by 0.30 per cent and the FTSE by 0.55 per cent.
Back home, 24 of the 30 Sensex-based scrips closed with losses while others finished with gains.
Hindalco was the top loser from Sensex pack with a fall of 4.38 per cent, followed by Maruti Suzuki (3.43 pc), Tata Motors (3.24 pc), Jindal Steel (3.11 pc), M&M (2.95 pc), SBI (2.25 pc), Tata Steel (2.16 pc) and Bajaj Auto (2.00 pc).
ICICI Bank (1.98 pc), BHEL (1.61 pc), Tata Power (1.58 pc), Sun Pharma (1.35 pc), HDFC Bank (1.20 pc), ONGC (1.08 pc), HUL (1.08 pc) and L&T (1.03 pc) also witnessed losses.
However, RIL rose by 1.72 per cent, followed by Dr Reddy's Lab (1.43 pc) and TCS (1.03 pc) among winners.
Among major losers in sectoral indices, the BSE-Auto dipped by 2.40 per cent,
Be the first to comment.