Sensex closes 261 points down; auto stocks fall
A benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex) closed Thursday’s trade 261 points or 0.90 percent down, as interest-sensitive stocks like automobile, capital goods and banks plunged.
The day’s biggest trigger — the rail budget — failed to enthuse investor confidence, even as it proposed various plans to re-energise one of the largest railroad networks in the world, while seeking to improve passenger amenities and safety.