Press Esc to close
Friday 12 February 2016
News updated at 3:14 AM IST
Weather
Max: 33°C
Min : 20°C
In Bengaluru
Partially cloudy

Market rattled on RBI measures; Sensex down 183 pts as banks hit

Mumbai, Jul 16, 2013, (IANS) :
File Photo.

Snapping a three-day rally, the BSE benchmark Sensex today fell by over 183 points pulled down by banking and financial sector stocks, including ICICI Bank, SBI and HDFC, after Reserve Bank's steps to quell rupee's volatility sparked concerns of rate hikes.

The 30-share index commenced the day's trade weaker by a whopping 368 points from its previous close at 19,665.57. It, however, trimmed some of the losses during the day and closed lower by 183.25 points, or 0.91 per cent, at 19,851.23.

Similarly, the wide-based National Stock Exchange index Nifty lost 75.55 points, or 1.25 per cent, to close at 5,955.25. Also, SX40 index, the flagship index of MCX-SX, closed 85.33 points, or 0.71 per cent lower at 11,854.7.

Brokers said the trading sentiment, mainly in banking and financial sector stocks, was dampened after RBI announced a slew of measures to curb rupee's volatility late last night, including hiking the lending rates for banks and sucking up of Rs 12,000 crore, to make the currency dearer.

This also raised concerns of RBI increasing interest rates in its first quarter monetary policy review later this month, they said, adding that a weakening trend in the overseas markets as German investor confidence unexpectedly dropped, also hit the trading sentiment.

Meanwhile, rupee appreciated by a hefty 68 paise to 59.21 against the dollar intraday today.

Out of the 30 Sensex components, 17 stocks ended in the red led by country's largest private sector lender ICICI Bank tanking 5.61 per cent to Rs 1,003.20, followed by country's largest lender SBI (4.57 per cent) and mortgage major HDFC (3.88 per cent).

Among major losers from the banking pack on the BSE were YES Bank (9.78 per cent), Oriental Bank of Commerce (8.95 per cent) and Canara Bank (8.64 per cent).

Sectorwise, interest-rate sensitive realty sector index suffered the most, falling 5.84 per cent to 1,457.29, followed by bankex (4.83 per cent to 12,821.09) and capital goods (2.23 per cent to 9399.05).


Go to Top

Photo Gallery
Relatives of Lance Naik Hanumanthappa Koppad mourn his death at his home in Betador in Hubli...

Relatives of Lance Naik Hanumanthappa Koppad mourn his death at his home in Betador in Hubli...

Vehicles stranded at Jawahar Tunnel, which connects the valley to the rest of the country during...

Vehicles stranded at Jawahar Tunnel, which connects the valley to the rest of the country during...

Girls taking selfie during the lok Mela at Punjabi University in Patiala...

Girls taking selfie during the lok Mela at Punjabi University in Patiala...

President Pranab Mukherjee walks at the Mughal Gardens at Rashtrapati Bhavan during its press...

President Pranab Mukherjee walks at the Mughal Gardens at Rashtrapati Bhavan during its press...

Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi inspects guard of honour during...

Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi inspects guard of honour during...

Gold medal winners Prarthana Thombare and Sharrmadaa Baluu of India, pose during the presentation...

Gold medal winners Prarthana Thombare and Sharrmadaa Baluu of India, pose during the presentation...

Bangladesh Goalkeeper Md Rasel Mahmud in action against Nepal during the group matches of the...

Bangladesh Goalkeeper Md Rasel Mahmud in action against Nepal during the group matches of the...

Shooters of India and Pakistan take part in the individual 25m center fire pistol men's...

Shooters of India and Pakistan take part in the individual 25m center fire pistol men's...

Sri Lanka's Nalantha De Silva, right approaches as India's P.L.Thiamanna, tries to control the...

Sri Lanka's Nalantha De Silva, right approaches as India's P.L.Thiamanna, tries to control the...

T Gopi of India winner of gold medal (front ) and Suresh Kumar of India winner of silver medal...

T Gopi of India winner of gold medal (front ) and Suresh Kumar of India winner of silver medal...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523