BSE Sensex marks biggest single-day fall in 3 weeks

MUMBAI (Reuters) - The BSE Sensex fell more than 1 percent on Thursday to mark a third consecutive day of declines since hitting a record high at the start of the week as Tata Motors slumped after saying its unit Jaguar Land Rover would increase capital spending.

Meanwhile, interest-rate sensitive stocks fell due to caution ahead of retail inflation, due later in the day.

Tata Motors provisionally fell 4.7 percent. Among banks, ICICI Bank fell 2.1 percent while State Bank of India lost 0.9 percent.

The Sensex provisionally fell 1.22 percent, while the Nifty fell 1.16 percent, marking their biggest single-day fall since November 21.

 

(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)