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E-mail ID will not be published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

  • Regional parties that brought diversity to Indian democracy are at a dead end

    In the two decades, which began in 1989, when the paradigm of coalition politics came to dominate central governments, it would have sounded far-fetch

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

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Kuruvilla Pandikattu SJ

What we can learn from agnosticism

As an agnostic, the American writer David Breeden is aware ...

Shona Adhikari

When women to birds become a painter’s muses

This week the focus is on renowned artist Amitabha Banerjee, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture