Sensex Sinks On Delay In Crucial Bills Being Passed By Parliament

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices opened the day lower as sentiments were affected after two key legislations including the Land Acquisition Bill and the GST Bill were not likely to be passed in the current session of parliament.

    Sensex Sinks On Delay In Crucial Bills Being Passed By Parliament
    The rupee sunk below the 64 levels once again and was trading at 64.11, further impacting sentiments.
     

    The Sensex was trading with losses of 184 points at 27,323 points, while the Nifty was down 62 points in early trade.

    Bank of Baroda which had seen a sharp rally of almost 16 per cent in trade on Monday was the biggest loser dropping 4 per cent. Other losers in trade were banking stocks including private sector banking names like ICICI Bank, Axis Bank, Kotak Bank and IndusInd Bank.

    Shares in Just Dial were trading higher after despite Tiger Global selling a 2.1 percent stake in the company.

    IT stocks also saw some selling pressure despite the rupee weakening in trade. Shares of Infosys, TCS and Wipro were trading lower. Shares in Jubilant Industries surged 10 per cent after reports that it would transfer a unit to Aditya Birla Retail. The stock hit the upper end of the circuit filter.

    Meanwhile, markets across Asia were trading with losses with the Japanese Nikkei, the Shanghai Composite and the Singapore's Strait Times all lower.

    Goodreturns.in


    Read more about: sensex tcs wipro nifty
    Story first published: Tuesday, May 12, 2015, 9:38 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more