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Mar 15, 2012, 01.58 PM IST
The BSE Sensex continued to trade with 250 points loss, pulled down by oil & gas, banks & financials, capital goods and realty stocks.
The 30-share Sensex tumbled 274 points to 17,665.58, led by 22 components while the 50-share Nifty was down 86 points to 5,378.20.
Engineering and construction major Larsen & Toubro slipped 2.2% and state-run Bharat Heavy Electricals fell 3%.
Index heavyweight and India's most valued stock Reliance Industries lost over 2% whereas ONGC dropped nearly 3%. Realty firm DLF went down more than 4%.
In the second line shares, DB Realty, MOIL, Educomp Solutions, Glodyne Tech and Godrej Industries were up 3-9% while VIP Industries, Indiabulls Financial, Sintex Industries, Jai Corp and Syndicate Bank slipped 5-6%.
Shares of Mangalore Chemical shot up 11% after reports indicated that Mangalore Refinery and Petchem, a unit of ONGC has written a letter to UB group chairman Vijay Mallya expressing interest to buy UB group's 30% stake.
About three shares declined for every shares rising on the National Stock Exchange.
The BSE Sensex extended fall led by banking shares dropped after RBI kept key interest rates unchanged in its policy review, putting to rest hopes that the central bank could surprise markets with monetary easing.
The BSE Sensex tanked more than 200 points while the NSE Nifty broke the 5400 level after the Reserve Bank of India maintained status quo in its monetary policy review and left rates unchanged, citing inflation is still above the comfort level.
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy