Sensex, Nifty close down, banks, auto stocks slip
HDFC, HDFC Bank and ICICI Bank had a tough day today Photograph: (AFP)
The Indian stock markets moved down for the second day today as the Sensex closed lower by 239 points after banking, realty and auto stocks struggled.
HDFC, HDFC Bank and ICICI Bank had a tough day today with PNB stocks plunging 5.98 per cent, SBI slipped 2.24 per cent.
The Sensex closed down 238.86 points, or 0.74 per cent, at 32,237.88 after hitting a low of 32,194.58. The Nifty slipped 67.85 points, or 0.67 per cent, but managed to close above the 10,000-mark at 10,013.65.
The lowering of repo rate by the Reserve Bank of India by 25 basis points to 6 per cent failed to move the market as the central bank marked future action on the availability of more data.