Customers at an Apple store in Toronto.
Highlights
- R.M. Malla, chairman and managing director of IDBI Bank, spoke to NDTV Profit about how the bank's non-performing assets have come down in the fourth quarter, adding that he was confident of achieving better growth in fiscal 2013 compared with the previou
The BSE Sensex slipped further tracking weakness across global markets. At 3 pm, it traded 220 points or 1.3% lower at 17,155 while the broader Nifty index declined 75 points to 5,215.
Earlier, Asian markets closed with deep cuts. The Hang Seng index (-1.8%) in Hong Kong was the worst performer. European stocks also traded with deep cuts. The CAC 40 index in France, where first-round results in presidential election indicated a lead for the Socialist party, which is opposed to the austerity measures, dropped 1.9%.
Spain's IBEX 35 index saw a sharper cut at 3%. Markets in Britain and Portugal also traded lower.
IT major Infosys (-3.7%) continued to be the biggest drag on the Sensex, contributing 51 index points on the downside. Public lender SBI (-2.6%), which cut rates today, also weighed on the Sensex.
On the Nifty, 43 of the 50 stocks traded lower. RCom (-4.9%), the flagship telecom firm of the ADAG Group, was the top Nifty loser. Other ADAG stocks - Reliance Power (-4.6%) and Reliance Infra (-4.1%) - also came under selling pressure.
The market breadth was extremely weak with only 18% stocks rising on the broader BSE 500 index.
