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Rediff.com  » Business » Sensex hits 1-month closing low; Hindalco plunges

Sensex hits 1-month closing low; Hindalco plunges

By Indulal PM
Last updated on: March 11, 2015 16:10 IST
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The BSE index closed down 0.18 per cent at 28,659.17, its lowest closing level since Feb 11.

The benchmark BSE Sensex fell to a one-month closing low on Wednesday, falling for the third straight session, as metal stocks such as Hindalco Industries plunged over an investigation into the allocation of coal blocks.

The BSE index closed down 0.18 percent at 28,659.17, its lowest closing level since Feb. 11.

The broader Nifty ended 0.14 percent lower at 8,699.95, marking its lowest close since Feb. 26.

Hindalco Industries fell 5.6 percent, to its lowest level since March 27, 2014, after a court issued summons to billionaire Kumar Mangalam Birla, chairman of Aditya Birla Group to which Hindalco belongs, and former Indian Prime Minister Manmohan Singh.

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Indulal PM
Source: REUTERS
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