Sensex sinks 321 pts, Nifty ends below 7050; banks, infra drag

The market closed lower for second consecutive session ahead of Railway Budget and F&O expiry. The Sensex fell 321.25 points or 1.37 percent to 23088.93 and the Nifty dropped 90.85 points or 1.28 percent to 7018.70.

More than two shares declined for every share advancing on the Bombay Stock Exchange.

BHEL, NTPC, Tata Motors, Hindalco Industries, HDFC and Vedanta topped selling list on Nifty, down 3-5 percent while BPCL rallied 4.5 percent and Power Grid Corp gained 2 percent followed by Bharti Airtel, M&M, Yes Bank, Bharti Airtel, Reliance Industries, HUL and Axis Bank.

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Indian ADRs: HDFC Bank down 2.5%, Tata Motors slips

wall_street_adr_356_3231_356Indian ADRs ended lower on Tuesday.

In the IT space, Infosys was down 0.24 percent at USD 16.65.

Wipro shed 0.15 percent at USD 11.40.

In the banking space, ICICI Bank fell 0.28 percent at USD 5.44.

HDFC Bank declined 2.53 percent at USD 52.78.

In the other sectors, Tata Motors slipped 0.92 percent at USD 23.04.

Dr Reddy’s Laboratories fell 0.80 percent at USD 44.53.

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