|
MUMBAI: Indian shares dropped 0.3 per cent Tuesday, mirroring weak global markets, with Reliance Industries and Tata Motors leading the decline. The 30-share BSE index closed 0.29 per cent or 50.06 points lower at 17,052.54, after testing six-month closing highs in the previous session. Nineteen of its components lost ground. The main BSE index is still up 4.9 per cent since the federal budget announcement on Feb 26.
Foreign funds have poured in around $1.4 billion in the five sessions to March 5, latest data showed. Tata Motors closed 3.2 per cent lower at 770.90 rupees, as German carmaker Daimler sold its all 5.34 per cent stake in India's top vehicle maker to various groups of investors. The stock had declined as much as 5.9 per cent earlier in the day. In the broader market, decliners outnumbered gainers in the ratio of 1.7:1 on a volume of 454 million shares. The 50-share NSE index declined 0.4 per cent to 5,101.50.-Reuters
|