Equities slide as IMF trims growth forecast amid weak corporate earning

Equity Benchmark indices traded lower while the IMF trimmed its global growth forecast. BSE SandP Sensex closed 205 points lower at 41,324. Meanwhile, Nifty 50 slipped by 55 points at 12,170. Zee Entertainment, Coal India, Kotak Mahindra Bank and Bharat Petroleum Corporation witnessed marginal gains. Auto stocks were also down with Tata Motors slipping by 2.4%, Mahindra and Mahindra by 2.8% and Maruti by 2%.