Tata Motors closed down 6.5 per cent at Rs 181.20. The company said its commercial vehicle plant at Jamshedpur would be closed for three days this week to avoid a build up of inventory.
Kingfisher Airlines fell 16.6 per cent. A state court issued a stay on attempts by lessor GE Commercial Aviation Services to repossess four A320 aircraft from Kingfisher for default on rentals.
Meanwhile, the rupee closed at 47.46/50 per dollar, 0.5 per cent stronger than 47.69/70 at close on Tuesday. In early trade, the local unit touched 46.70, its strongest since October 2, as it extended a recovery from a record low of 50.29 on October 27.
The rupee is still down 17 per cent in 2008.
Epaper
Newsletter
Stocks
Weather
Horoscope
