MUMBAI: Extending losses for the second session in a row, the BSE benchmark Sensex today lost a hefty 286 points led by a fall in realty and metal sector stocks on selling by funds, after rupee tanked below the 60 mark against the US dollar amid a weak trend overseas.
Also, bank stocks slumped on RBI proposing incremental provisioning and capital requirements for banks' exposure to corporates having unhedged forex exposure.
The 30-share index started the day on sluggish note at 19,252.18 and fell further in line with a weakening rupee which crossed the 60 mark in intraday. Sensex closed the day lower by 286.06 points, or 1.47%, at 19,177.76.
Also, bank stocks slumped on RBI proposing incremental provisioning and capital requirements for banks' exposure to corporates having unhedged forex exposure.
The 30-share index started the day on sluggish note at 19,252.18 and fell further in line with a weakening rupee which crossed the 60 mark in intraday. Sensex closed the day lower by 286.06 points, or 1.47%, at 19,177.76.
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