MUMBAI (Reuters) - The BSE Sensex and Nifty fell for a second straight day as resources firms such as Jindal Steel and Power Ltd, and public sector lenders that lent to them, slumped after the Supreme Court cancelled most coal blocks allocated since 1993.
The Sensex provisionally fell 0.12 percent to 26,744.69 points, while the Nifty ended 0.19 percent lower at 8,002.40 points.
Jindal Steel and Power slumped 10.6 percent, while State Bank of India closed down 3.14 percent.
(Reporting by Indulal PM; Editing by Prateek Chatterjee)
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
