Stock Market Closing Bell

Sensex falls 661 pts post RBI policy, monsoon forecast cut

Equity benchmarks shed more than 2 percent after teh Reserve Bank of India raised inflation forecast for January 2016 and Met Department cut monsoon forecast.The Sensex was down 660.61 points or 2.37 percent at 27188.38, and the Nifty fell 196.95 points or 2.34 percent to 8236.45.

About 828 shares have advanced, 1860 shares declined, and 145 shares are unchanged.

State Bank of India, Axis Bank, Hindalco Industries, ITC, Hero Motocorp and IndusInd Bank topped the selling list on Nifty, down 4 percent. Lupin and Bharti Airtel bucked the trend, up marginally.
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