BSE Sensex falls on caution ahead of Fed meet

Image
Reuters MUMBAI
Last Updated : Jun 18 2013 | 4:05 PM IST

MUMBAI (Reuters) - The BSE Sensex fell on Tuesday as blue chips such as HDFC Bank declined on anxiety over potential foreign outflows should the U.S. Federal Reserve signal a roll-down in its bond-buying programme at the conclusion of its meeting later this week.

Banks were among the decliners given that an end to U.S. monetary stimulus could push the rupee lower, delaying any rate cuts by the Reserve Bank of India.

HDFC Bank Ltd provisionally fell 1.2 percent, while Larsen and Toubro Ltd ended 1.6 percent lower.

The BSE Sensex provisionally fell 0.5 percent, while the Nifty ended down 0.62 percent. (Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 18 2013 | 3:49 PM IST

Next Story