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Sensex drops most in 3 weeks, led by L&T

S&P BSE Sensex closed 0.5% lower, its steepest decline in nearly three weeks


Shares dropped as industrial-equipment makers declined ahead of a factory output data that some investors gauged would fall short of estimates. Lenders also fell on concerns that farm-credit waivers by states would add to bad loans in the banking system. The benchmark S&P BSE Sensex closed 0.5 per cent lower, its steepest decline in nearly three weeks. The NSE Nifty 50 Index also fell 0.5 per cent. Larsen & Toubro, the nation’s biggest engineering company, retreated 2.3 per cent to be the worst Sensex performer, along with Tata Motors. Ten of the 13 sector gauges ...

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First Published: Tue, June 13 2017. 00:54 IST