Bombay Stocks Retreat
The Sensex gives back 1%.
Bombay stocks dropped 1% Monday as financial stocks sold off.
The BSE Sensex index slid 115 points to close at 11,915. The Sensex surged 7% last week and broke 12,000 for the first time.
Losers included
Satyam
( SAY), which slipped 4.3%,
ICICI Bank
(IBN)
, down 3.7%, and
HDFC Bank
, down 3.3%.
Engineering outfit
Larsen & Toubro
rose 1.9%, tobacco company
ITC
rose 1.5% and oil company
ONGC
added 0.6%.
Reliance Capital
rose 2% after a sharp profit jump. Information company
HCL Infosystems
advanced 1% despite a profit slide.
Aurobindo Pharma
added 5.6% on reports that it received a tentative Food and Drug Administration approval for Simvastatin tablets.
This story was created through a joint venture between TheStreet.com and IRIS.
