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.

EDITORIAL OF THE DAY

  • The government must no longer handhold state-owned banks

    Every year, successive finance ministers are compelled to top up capital levels in state-owned banks.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Time to get our energies together

Energy needs of the economy are growing rapidly with rising ...

Kuruvilla Pandikattu SJ

Science & religion go hand in hand

A PJ Abdul Kalam (1931 –2015), the 11th president of ...

Dharmendra Khandal

Go spot a gecko

Iam sure you must have read about how a lizard ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture