In the wake of RBI’s stress test, the BSE (Bombay Stock Exchange) Sensex fell by 84 points to 27811.84. The test has shown that banks’ asset quality is likely to deteriorate for a few more quarters. According to an expert, ‘RBI’s stress test results poured water on the banking sector which had been buoyant following capital infusion plans,”Realty and IT stocks continued to piggy back on… announcement of three flagship schemes (by the Prime Minister yesterday). The NSE (National Stock Exchange) Nifty closed .20% down at 8381.10. That is 16.90 points.
Major losers at the Sensex were GAIL (3.19 pc), Vedanta (2.70 pc), Bharti Airtel (2.32 pc), BHEL (2.15 pc), HDFC (1.57 pc), Tata Steel (1.55 pc), Larsen (1.49 pc), ICICI Bank (1.35 pc) and ITC (1.31 pc).
Among those who gained, TCS rose by 1.66 per cent, followed by NTPC 1.55 per cent, Infosys 1.51 per cent, Bajaj Auto 1.35 per cent, Cipla 1.34 per cent, Maruti 1.06 per cent and Dr Reddy’s 1.02 per cent.