Banking, finance bear brunt of sensex fall | business | Hindustan Times
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Banking, finance bear brunt of sensex fall

business Updated: Jan 25, 2010 21:54 IST

Tracking weak global markets, the domestic market continued its southward spiral for the fifth consecutive session on Monday with the benchmark Sensex shedding over 79 points.

The Bombay Stock Exchange barometer, which had plunged 781 points in the last four sessions, fell further by 79.2 points to 16,780.5, with most of the heavy-weight counters in the realty, auto, metal, IT and banking sectors coming under heavy selling by funds.

The banking and finance company stocks suffered heavylosses on fears that the Reserve Bank may take strong steps to curb rising inflation in its monetary policy review on Friday.

The wide-based National Stock Exchange index Nifty 50 too remained volatile, moving between 5,035.7 and 4,983.1 points, before ending with a loss of 28.1 points at 5,007.9. Both indices tracked Asian markets, which opened in the red.

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