Bajaj Electricals, PC Jeweller drag consumer durables index down
On Tuesday, in the morning trade, Bajaj Electricals, PC Jeweller, Symphony and Titan Company dragged consumer durables index down. Strong losses in these shares were observed. At around 2:10 pm, the BSE Consumer Durables index was trading 1.49 per cent down at 19,897.
Stocks those were the top losers in todays trade included TTK Prestige, Whirlpool of India and VIP Industries.
However, Crompton Greaves Consumer Electricals, Rajesh Exports and Blue Star were in the green around that time. Equity markets were in the negative zone on selling across sectors.
Some of the analysts as well as investors believed that the RBI’s Monetary Policy Committee may hike the key interest rate for the first time in over four years on account of firming inflation. It began its three-day meeting yesterday.
On 05 June, Benchmark BSE Sensex was 162 points down at 34,850, while the NSE Nifty50 index was down 63 points at 10,565.