ECONOMY ANALYSIS:
Sensex declines for third day, down 56 points as HUL falls
PNB Q1 net up 2.3% at Rs 1275 cr, but NPA rises
DLF to sell stake in insurance JV to pare debt
HUL Q1 net beats street; shares slip on slower sales growth
Inventories in place; see revival Q2 onwards: Raymond
Dish TV Q1: Analysts expect Q1 net loss at Rs 27 cr
MARKET ANALYSIS:
The BSE benchmark Sensex today slid for the third straight day by losing 56 points to a fresh two-week low 19,748.19 on selling in HULBSE -3.38 % and Tata MotorsBSE -3.34 % shares, amid nervousness in rate-sensitive sectors ahead of the RBI credit policy review next week.
The Sensex, which had lost 498 points in past two days, declined further by 56.57 points, or 0.29 per cent, to 19,748.19 -- the lowest close since 19,676.06 on July 11.
The broad-based National Stock Exchange index Nifty dipped below another crucial level of 5,900 this week by losing 21.30 points, or 0.36 per cent to 5,886.20. Also, SX40 index, the flagship index of MCX-SX, fell by 37.91 points, or 0.32 per cent, to end at 11,791.25.
The metal sector index suffered the most by losing 3.52 per cent, followed by realty sector index (1.59 per cent), Public Sector Undertaking sector index (1.50 per cent) and Banking index (1.43 per cent) fared badly.
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