MUMBAI: (Reuters) – India’s indexes provisionally posted their biggest daily fall in two weeks on Monday as banks were hit by fears about slowing deposit growth, while capital good stocks like Larsen & Toubro fell on fears industrial output data due this week would weaken.
Traders, returning after domestic markets were closed on Thursday and Friday, also cited caution ahead of other key events this week, including Infosys’ earnings on Friday.
State bank of India provisionally closed 3.2 percent lower.
L&T provisionally closed 3.61 percent down while BHEL fell 4.42 percent.
The country’s main 30-share BSE index provisionally closed down 1.51 percent at 17,221.14 points and the 50-share NSE index 1.66 p e rcent at 5234.40.
Those falls, if held, would make them the biggest falls since March 26 for both indexes.