Sensex tanks 184 points on earnings pain, US Fed’s hawkish comments

Mumbai: Disappointing corporate earnings weighed on equities for the second straight session today, sending benchmark Sensex tumbling 184 points to a two-week closing low of 28,155, while hawkish comments from US Fed chair Janet Yellen heightened capital outflow fears.

Auto, realty and pharma counters took a big hit. Profit-booking by retail investors dragged small-cap and mid-cap indices lower by 1.52 percent and 1.16 percent,
respectively.