Economics
Sensex Tumbles to Two-Week Low Before Indian Repo Rate Decision
- Survey shows 37 of 45 economists see 25 bps cut in repo rate
- Losses deepen as Europe falls amid global growth concerns
This article is for subscribers only.
Indian equities slid to a two-week low as a decline in European shares renewed global growth concerns before the central bank’s policy review Tuesday.
Tata Motors Ltd., the owner of Jaguar Land Rover, plunged to a two-year low. Vedanta Ltd., the largest copper producer, extended this year’s loss to 58 percent and Tata Steel Ltd. slid to a one-month low. Coal India Ltd., the world’s top miner of the fuel, slumped to its lowest level since May 2014. Infosys Ltd., the second-largest software maker, halted six days of advance.