Realty, banking stocks take hit

Realty, banking stocks take hit
The Financial Express, October 27, 2009, Page 1

A day ahead of RBI's review, shares of rate-sensitive sectors witnessed heavy late selling on domestic equity bourses on Monday. The BSE realty index was the biggest loser, falling4.59 % , with DLF Ltd ending the day at Rs 454.70, shedding 5.41 %. The BSE Bankex lost 1.64%, with India's largest public sector lender, SBI, off by 2.05% to end at Rs 2,353.85. Private sector lenders ICICI Bank and HDFO Bank lost

1.49% and 0.08%, respectively. The 3()..share Sensex of the BSE closed the day at 16,740.50 points, down 70.31, or 0.42%, while the broader 50-share Nifty of the NSE dropped 26.15 points, or 0.52%, toendat4970.90. "Even if rates are not tinkered with, there is an overhang about RBI coming out with some statement reversing its accommodative monetary policy going forward, "said Elara Capital analyst Arup Misra.