Banking, finance bear brunt of sensex fall

Updated on Jan 25, 2010 09:54 PM 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.

HT Image
HT Image
PTI | By, Mumbai

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.

SHARE THIS ARTICLE ON
SHARE
Story Saved
×
Saved Articles
Following
My Reads
My Offers
Sign out
New Delhi 0C
Friday, December 09, 2022
Start 15 Days Free Trial Subscribe Now
Register Free and get Exciting Deals