By
Sensex slides as rupee hits all-time low
Photo Credit: Reuters

Indian shares ended lower for a second straight session on Monday, led by financial stocks such as HDFC and HDFC Bank, while the rupee hit an all-time low against the dollar.

HDFC Bank slipped 1.4 percent after its deputy managing director put in his papers on Friday, while State Bank of India shares shed 3.2 percent after the lender reported a wider-than-expected loss in the quarter ended June.

Cadila Healthcare slipped more than 6 percent on lower-than-expected U.S. sales, a Mumbai-based analyst said. The company beat analysts' estimates for first-quarter profit on Monday.

The broader NSE Nifty fell 0.65 percent to 11,355.75.

The BSE index ended 0.59 percent lower at 37,644.90.

Leave Your Comment(s)