The BSE Sensex
snapped a three-day rally on Tuesday, falling over 183 points, pulled down by banking and financial sector stocks.
Brokers said the trading sentiment, mainly in banking and financial sector stocks, was dampened after the Reserve Bank of India (RBI) announced a slew of measures to curb rupee's volatility late last night, including hiking the lending rates for banks and sucking up of Rs 12,000 crore, to make the currency dearer.
Shares of banks, including ICICI Bank, SBI and HDFC, were hit on concerns of rate hikes.
The 30-share Sensex
commenced the day's trade weaker by a whopping 368 points from its previous close at 19,665.57. It, however, trimmed some of the losses during the day and closed lower by 183.25 points, or 0.91 per cent, at 19,851.23.
Similarly, the wide-based National Stock Exchange index Nifty lost 75.55 points, or 1.25 per cent, to close at 5,955.25.
Also, SX40 index, the flagship index of MCX-SX, closed 85.33 points, or 0.71 per cent lower at 11,854.7.
Meanwhile, the rupee appreciated by a hefty 68 paise to 59.21 against the dollar intraday on Tuesday.
Of the 30 Sensex components,
17 stocks ended in the red led by country's largest private sector lender ICICI Bank tanking 5.61 per cent to Rs 1,003.20, followed by country's largest lender SBI (4.57 per cent) and mortgage major HDFC (3.88 per cent).
Among major losers from the banking pack on the BSE were YES Bank (9.78 per cent), Oriental Bank of Commerce (8.95 per cent) and Canara Bank (8.64 per cent).
Sectorwise, interest-rate sensitive realty sector index suffered the most, falling 5.84 per cent to 1,457.29, followed by bankex (4.83 per cent to 12,821.09) and capital goods (2.23 per cent to 9399.05).
With inputs from PTI
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