Sensex ends below 24000, Nifty weak; Infosys, SBI gain 1-2%

The market has ended lower once again. The Sensex ended below 24000 for first time since May 2014. The 30-share index was down 99.83 points or 0.4 percent at 23962.21 and the Nifty slipped 32.50 points or 0.4 percent at 7276.80.

About 1289 shares advanced, 1301 shares declined and 184 shares were unchanged.

Axis Bank, Tata Steel, Wipro, SBI and Infosys were top gainers while Tata Motors, Dr Reddy’s Labs, Maruti, Coal India and ONGC were losers in the Sensex.
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Petrol, Diesel Get Costlier in Delhi on Tax Hike

petrol-oil-prices-625-300_625x300_51451565700Petrol price in Delhi was on Tuesday hiked by 96 paise per litre and diesel by 53 paise per litre after the state government raised value-added tax (VAT) on the two fuels.
The Delhi government on Monday night raised VAT, or local sales tax, on petrol to 27 per cent from 25 per cent, resulting in the 96 paise per litre hike in retail pump rates.
Similarly, the VAT on diesel was increased from 16.6 per cent to 18 per cent. A pollution cess of Rs 0.25 per litre is also levied on diesel.
Petrol now costs Rs 59.99 per litre as against Rs 59.03 a litre previously. A litre of diesel now costs Rs 44.71 as opposed to Rs 44.18 previously.

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