Market
Mumbai - India's benchmark stock market index, the BSE Sensex closed nearly 390 points lower on Thursday following a heavy bout of late sell-off with auto stocks bearing the brunt.
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The 30-share prime index opened lower at 15,881.47 and was trading range-bound for most of the day but fell victim to a bout of heavy profit booking as the session drew to a close with the index falling as much as 15,443.22. The index finally settled at 15,514.03 or down 2.45 percent or 389.80 points.
Twenty-eight components closed in the negative terrain on Thursday with the biggest loser being auto major Tata Motors, which plunged 6.93 percent to close down at Rs.418.30.
Rivals Maruti Suzuki and Mahindra & Mahindra sank 5.34 percent and 4.14 percent respectively.
Two-wheeler major Hero Honda tumbled 5.25 percent.
Aluminium producers Hindalco Industries and Sterlite Industries slipped 6.50 percent and 4.79 percent respectively.
Don't expect the expected from Dibakar Banerjee.
There is no proposal for government-run State Bank of India to take over any oth...
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