The Sensex today headed for a loss again, the third straight day loss. The Loss of share values of Tata Motors and Tech Mahindra have effected the Sensex and Nifty.
Tata Motors, faced a loss of five percent due to weak demand for Luxury Jaguars and Rovers in China. The automakers in China are in pressures to cut prices due to the weak demands.
Tech Mahindra, on the other hand posted a seven month high loss due to the fluctuations in the currency, increase in its wage payments and also due to the announcement of loss in the quarterly gains, the Reuters reports.
Also the earnings of other small companies in India, are under the mark keeping the market investors on guard. The Reserve Bank of India, has cut the rates twice this year but it could not help the rise of standards. It is estimated that the Reserve Bank may decrease the policy rates by another 25 basis points in the next meeting of the officers.
The Nifty was down today by 0.24 percent and the sensex with 0.14 percent.