Sensex tumbles 162 points as RBI dashes rate cut hopes

The Sensex fell for a sixth day in row on Friday as caution ahead of next week's resumption of parliament weighed heavily, with investors also factoring in the worsening global risk environment.

ICICI Bank fell 2.7 per cent, while mortgage lender HDFC slumped 2.6 per cent.

The Sensex provisionally fell 1.09 per cent, while the Nifty ended down 1.01 per cent.

Markets @ 09.00 AM (Reuters)

The Sensex gains 0.25 percent and the Nifty is up 0.13 percent, after falling for five consecutive sessions.

Asian shares steady on Friday after falling nearly 2 percent this week on worries about the looming U.S. "fiscal cliff".

Telecom shares extend gains after a tepid demand in a 2G airwave auction raises hopes for lower prices: Bharti Airtel gains 1.6 percent, while Idea Cellular advances 1.2 percent.

Some recent under-performers gain on short-covering: Infosys gains 1.1 percent after falling 2.8 percent so far this month as of Thursday's close.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Not the best gift for Modi, but bypoll result may not affect BJP in long run

    In India’s hardball political landscape, there is little place for anyone to rest on their laurels, not the least if you are a successful prime mini

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Scientific and field level know-how

Recently addressing the scientists of the Indian Council of Agricultural ...

Rajgopal Nidamboor

How synchronous empathy helps us

All of us are in an undulating ‘hypnotic’ state. A ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture