Reuters Market Eye - The BSE Sensex falls 1 percent and the broader Nifty falls 1.2 percent, after earlier marking their lowest intraday level in almost 1-1/2 months.
Banks lead the fall on continued uncertainty about how long would the RBI keep its liquidity tightening measures as the rupee hits a record low.
HDFC Bank falls 2.9 percent while ICICI Bank is down 1.4 percent.
Bharat Heavy Electricals falls 5 percent, adding to Monday's 19.3 percent decline, marking its lowest intraday level since November 2, 2005. The company's quarterly profit dropped 49 percent on sharply lower sales in its power and industry businesses in a slowing economy.
Crompton Greaves falls 5.6 percent ahead of its April-June earnings later in the day.
(Reporting by Abhishek Vishnoi)
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