Sensex at two-week closing low; ITC, HUL fall

Image
Reuters MUMBAI
Last Updated : Jul 25 2013 | 4:05 PM IST

MUMBAI (Reuters) - The BSE Sensex fell 1.42 percent on Thursday to mark its lowest close in nearly two weeks as stocks of consumer goods companies such as ITC slumped after missing June-quarter sales forecasts, while Hindustan Unilever fell a day ahead of its results.

ITC fell 4.5 percent, while Hindustan Unilever ended 3 percent lower.

Ambuja Cements slumped 10.6 percent, while ACC fell 2.9 percent after their Switzerland-based owner Holcim announced a complex restructuring of its two Indian units that was seen by some analysts as detrimental to minority shareholders.

The BSE Sensex fell 1.42 percent or 285.92 points, while the Nifty ended down 1.39 percent or 83 points.

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

*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: Jul 25 2013 | 3:53 PM IST

Next Story