BSE Sensex falls on banking stocks

Mumbai, Sept 27 : The BSE Sensex fell 0.84 percent on Friday as banking stocks receded on discouraging comments from the Reserve Bank of India (RBI).

The 30-share benchmark index ended 166.58 points lower at 19,727.27 with 24 of its components closing in the red.

The broader 50-share National Stock Exchange (NSE) Nifty index ended 0.83 percent or 49.05 points lower at 5,833.20 on Friday.

RBI Governor Raghuram Rajan on Thursday warned of inflation being too high making investors cautious of financial shares.

Meanwhile in the New Delhi bullion market, gold declined by Rs 340 to Rs 30,200 per 10 grams while silver dropped by Rs 540 to Rs 48,455 per kg.

--IBNS (Posted on 28-09-2013)

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