Sensex, Nifty fall 1.5%; rupee at 64.05/$, Midcap slips 2%

Equity trading tips : Sensex, Nifty fall 1.5%; rupee at 64.05/$, Midcap slips 2%

Drought scare has Crisil cut GDP forecast by 50 bps to 7.4%

Services PMI contracts in May as firms hike prices

Infosys shaping up, can beat Nasscom FY16 guidance: Sikka

Govt hikes minimum import price on arecanuts to Rs 162

Arkin raises $15 mn from Nexus, strategic investors

The Sensex ended down 351.18 points or 1.3 percent at 26837.20 and the Nifty slipped 101.35 points or 1.2 percent at 8135.10. About 622 shares advanced, 2111 shares declined and 121 shares were unchanged.

NTPC, Infosys, Coal India, Bharti Airtel and HDFC Bank were top gainers in the Sensex. Among the losers are Tata Power, ITC, ONGC, SBI and GAIL.

Market outlook: Independent market expert Anand Tandon believes things changed fundamentally for the market in RBI Governor’s statement yesterday.