NEW DELHI: Strong losses in Bajaj Electricals (down 6.71 per cent), PC Jeweller (down 3.69 per cent), Symphony (down 2.70 per cent) and Titan Company (down 2.59 per cent) dragged consumer durables index down in Tuesday's trade.The BSE Consumer Durables index was trading 1.49 per cent down at 19,897 around 02:10 pm.TTK Prestige (down 0.84 per cent), Whirlpool of India (down 0.72 per cent) and VIP Industries (down 0.54 per cent) were also among the losers in the index.
On the other hand, Crompton Greaves Consumer Electricals (up 1.46 per cent), Rajesh Exports (up 0.43 per cent) and Blue Star (up 0.42 per cent) were in the green around that time.
Equity markets were in the negative zone on selling across sectors.Investors were holding their bets as the RBI's Monetary Policy Committee began its three-day meeting yesterday amid speculation that it may hike the key interest rate for the first time in over four years on account of firming inflation.Benchmark BSE Sensex was 162 points down at 34,850, while the NSE Nifty50 index was down 63 points at 10,565.Among the 50 stocks in the Nifty index, 10 were trading in the green, while 40 were in the red.
In the Sensex kitty, 7 stocks were up while 24 were down.Reliance Industries and Hindustan Unilever were leading the pack of Sensex gainers.Bharti Airtel and Coal India were leading among Sensex losers.