INDIAN FACE
INDIAN EQUITY BENCHMARK ended in red marking its
biggest single-day fall in nearly two months, as blue-chip
shares slumped for a second consecutive day on worries the
pace of foreign investor buying is slowing down. Tata Steel
slump after HSBC downgrade its grade to “underweight”
following a sharp run-up in its stock prices since the recent
lows.
Further, banking shares continued to remain under pressure
falling by up to 5% for the second consecutive day, on fears
that sooner-than-expected tapering by the US Fed.
Bombay Dyeing & Manufacturing Co Ltd rise after the High
Court approved the company's request to hand over land to
housing regulators in only one area of Mumbai.
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