MUMBAI (Reuters) - The benchmark BSE Sensex fell to a one-month closing low on Wednesday, falling for the third straight session, as metal stocks such as Hindalco Industries plunged over an investigation into the allocation of coal blocks.
The BSE index closed down 0.18 percent at 28,659.17, its lowest closing level since Feb. 11.
The broader Nifty ended 0.14 percent lower at 8,699.95, marking its lowest close since Feb. 26.
Hindalco Industries fell 5.6 percent, to its lowest level since March 27, 2014, after a court issued summons to billionaire Kumar Mangalam Birla, chairman of Aditya Birla Group to which Hindalco belongs, and former Indian Prime Minister Manmohan Singh.
(Reporting by Indulal PM; Editing by Biju Dwarakanath)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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