Sensex falls 200 points as rupee hits record low

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)