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Indian stocks shed over 300 points

Xinhua, May 25, 2015 Adjust font size:

Indian stocks fell more than 1 percent on Monday reacting to the disappointing March quarter earnings of ITC and SBI and growing worries of a potential rate hike of US dollars.

The benchmark S&P BSE Sensex closed at 27,643.88, 313.62 points or 1.12 percent down from previous close of 27957.50.

Experts believe the market may remain rangebound for the next couple of months as there is no consensus on whether the economy has turned. Endi