The BSE Sensex fell for a fourth consecutive session on Monday to its lowest in more than two weeks as Hindustan Unilever dropped after brokerage downgrades, while interest rate-sensitive stocks fell ahead of the RBI's policy review.
Hindustan Unilever fell for a second consecutive session on Monday after J.P. Morgan and Macquarie downgrade their ratings, citing the prospect of slowing revenue.
Lenders including HDFC Bank and State Bank of India extended falls on uncertainty ahead of Reserve Bank of India's policy review on Tuesday.
The BSE Sensex provisionally fell 0.86 per cent to 19,578, the lowest close since July 11. The index has fallen 3.6 per cent over the last four sessions until Monday.
The Nifty closed down 0.93 per cent at 5,831.65 points.
Hindustan Unilever fell for a second consecutive session on Monday after J.P. Morgan and Macquarie downgrade their ratings, citing the prospect of slowing revenue.
Lenders including HDFC Bank and State Bank of India extended falls on uncertainty ahead of Reserve Bank of India's policy review on Tuesday.
The BSE Sensex provisionally fell 0.86 per cent to 19,578, the lowest close since July 11. The index has fallen 3.6 per cent over the last four sessions until Monday.
The Nifty closed down 0.93 per cent at 5,831.65 points.
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