Sensex at 1-week low; slides 112 points as rate sensitive scrips fall
   
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Sensex at 1-week low; slides 112 points as rate sensitive scrips fall

Last Updated: Tuesday, May 21, 2013, 16:47
 
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Sensex at 1-week low; slides 112 points as rate sensitive scrips fall
Mumbai: The BSE benchmark Sensex on Tuesday fell by over 112 points to close at one-week low of 20,111.61, mainly due to profit booking in interest rate sensitive stocks, including realty, auto and banking.

The 30-share index lost 112.37 points, or 0.56 percent, to close at 20,111.61. It had lost 62 points yesterday.

Similarly, the broad-based National Stock Exchange index, Nifty, declined by 42.80 points, or 0.70 percent, to 6,114.10.

Also, the MCX-SX flagship index SX40 closed lower by 66.13 points, or 0.55 percent, at 11,881.37.

Brokers said Sensex climbing over a two-year high last week advised investors to book profits.

They said the market sentiment was further dampened on weak global trend ahead of the US Federal Reserve's meeting.

Investor confidence also shaken as brokerage firm Barclays Capital lowering India's growth forecast to 6 percent for 2013-14, from earlier projection of 6.2 percent, citing "recent disappointments" in economic activity.

Of the 30 shares, 21 stocks declined led by NTPC, Tata Motors.

The country's largest car-maker Maruti Suzuki dropped by 2.49 percent to Rs 1,698.45 on reports Life Insurance Corporation of India has sold 2.53 percent stake in the company over a period of almost six months.

In sector-wise performance, the realty sector suffered the most by losing 2.59 percent to 1,965.71 followed by auto index by 1.75 percent to 11,096.87. Power index fell by 1.06 percent to 1,815.40 and banking index by 0.88 percent to 14,941.46.

PTI



First Published: Tuesday, May 21, 2013, 16:45


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