BSE Sensex plummets 518 pts, marks biggest single-day fall in over 10 months

Jul 08 2014, 18:06 IST
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Among blue-chips, Larsen & Toubro fell 4.2 percent while Reliance Industries lost 3.2 percent. (Reuters) Among blue-chips, Larsen & Toubro fell 4.2 percent while Reliance Industries lost 3.2 percent. (Reuters)
SummaryBSE Sensex plunges to 25,582.11; NTPC, Bhel biggest losers

Services fell 1.6 percent and Oil and Natural Gas Corporation lost 4.5 percent.

Among lenders, ICICI Bank lost 2.8 percent while State Bank of India ended down 4.1 percent.

Indusind Bank lost 0.9 percent, a day ahead of reporting its April-June earnings.

India's railway-related stocks slumped on disappointment pertaining to the budgeted outlay for 2014/15.

Texmaco Rail & Engineering Ltd slumped 19.9 percent, while Kalindee Rail Nirman Engineers, Titagarh Wagons Ltd and BEML Ltd fell 5 percent each.

However, among gainers, Aban Offshore surged as much as 9.8 percent to 940 rupees, its highest since May 14, 2010, on hopes it may enjoy higher rig rates in the coming quarters, dealers said.

Aban shares ended up 3.1 percent.

FACTORS TO WATCH

* Quick fade for dollar rally, German trade disappoints

* Brent oil hits fresh 1-month low under $110

* Europe's stocks, bonds dip as bank fines mount

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