MUMBAI (Reuters) - The BSE Sensex fell 550 points while the Nifty fell 175 points on Tuesday, giving up nearly all gains over the previous three sessions, as blue chips including HDFC slumped on worries the passage of a food security bill would worsen the country's fiscal deficit.
The Lok Sabha on Monday approved a plan worth nearly $20 billion on Monday to provide cheap grain to the poor.
Housing Development Finance Corp Ltd slumped 8.8 percent, while ITC Ltd lost 4.4 percent.
The broader NSE index fell 3.1 percent, while the benchmark BSE index slumped 2.8 percent, giving up nearly all the gains made in three-day winning streak.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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