The fall in the shares was exacerbated by reports that Reliance Communications’ loans have been categorised as special mention accounts by some of the banks, a senior market dealer said.
The rupee had slumped by a whopping 34 paise to end at a fresh seven-week low of 64.89 against the American currency on Tuesday’s trade
FMCG giant ITC rose the most among 30 Sensex constituents, climbing 2.82 per cent to Rs 293.95.
The Nifty stayed with the trend as well, which rebounded 44.50 points, or 0.47 per cent, to bring up a fresh life high of 9,445.40, surpassing the previous 9,422.40 hit on May 11.
The NSE Nifty rose by 37.50 points or 0.46 per cent to 8,273.55.
Stocks that touched their 52-week high include Indraprastha Gas, JSW Steel, NTPC, PTC India, PVR, State Bank of Bikaner and Jaipur, and State Bank of Travancore.
The company’s stock jumped 7.76 per cent to settle at Rs 5.14 on BSE, and at NSE, the shares surged 8.42 per cent to close at Rs 5.15.
The benchmark BSE Sensex after opening in positive terrain at 26.482.50 advanced to the day’s high of 26,485.45 on value- buying in recently battered bluechips.
The BSE Sensex stayed in the negative zone through out the day and touched a low of 26,262.27 before winding up 238.98 points or 0.90 per cent down at 26,396.77, its weakest closing since May 26.
Meetings of the US Federal Reserve, Bank of England, Swiss National Bank and the Bank of Japan are also awaited this week. All are likely to keep monetary policy steady.
Yes Bank announced the acquisition on June 9
The broader markets too felt the heat with the BSE mid-cap index falling 0.47 per cent while small-cap edged up by 0.04 per cent.
The weak dollar due to expectations that the US Fed will keep benchmark interest rates low for longer also supported the rupee at the Interbank Foreign Exchange market.
Currently, mutual fund distributors can register only one bank account while registering a client on the BSE StAR MF Platform.
On June 7, the rupee had gained 20 paise to close at a fresh three-week high of 66.77 on sustained selling of the dollar.