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RIL, banking stocks lead losses BloombergUTV

19.04.10

The key benchmark indices trimmed losses in morning trade after an initial sharp slide triggered by news the Securities and Exchange Commission (SEC) had filed civil-fraud charges against US investment bank Goldman Sachs. The BSE 30-share Sensex was down 199.14 points or 1.13% up close to 45 points from the day's low and off close to 190 points from the day's high.

The market slumped in early trade as the Goldman news hit risk appetite. The market pared losses later.

Banking stocks tracked global slide in financial shares after fraud charges against Goldman Sachs. Auto stocks also fell. Airline stocks fell as a giant cloud of ash spread across Europe due to an erupting volcano in Iceland.

Index heavyweight Reliance Industries (RIL) extended early losses. All the sectoral indices on the BSE were in the red. The market breadth was weak. But, India's largest software services exporter by sales Tata Consultancy Services extended early gains ahead of its Q4 result today, 19 April

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