Equity benchmarks extended
losses on Tuesday on keeping status quo on policy rats by Reserve Bank of
India. The 10-year bond yield declined 0.9 percent on hopes of rate cut in
2015.
The 30-share BSE Sensex
fell 115.61 points to close at 28444.01 and the 50-share NSE Nifty declined
31.20 points to 8524.70. However, the broader markets outperformed benchmarks
with the BSE Midcap and Smallcap indices rising 0.9 percent and 0.55 percent,
respectively.
About 1528 shares have
advanced, 1407 shares declined, and 121 shares are unchanged on the Bombay
Stock Exchange.
BPCL shed 4.27 percent after the government
increased excise duty on petrol by Rs 2.25 per litre and diesel by Re 1 per
litre. Asian Paints lost 3.4 percent on profit booking and rise in Brent crude
oil prices. Gail India, Mahindra & Mahindra, HDFC and Hero Motocorp were
down 1.5-3 percent while Jindal Steel, Hindalco, NMDC, IDFC, Bharti Airtel,
L&T, Sesa Sterlite and Tata Steel gained 1-5 percent.
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