Sensex plummets further for fourth straight day; down 45 points
Sensex today dropped 45 points down, taking the total loss in four days to over 1,080 points.business Updated: Jun 05, 2015 18:55 IST
The benchmark BSE Sensex today dropped 45 points down in a late sell-off as Greece crisis intensified, taking the total loss in four days to over 1,080 points.
The index saw some upward bias and clocked 27,000-level in the mid-session on reports of monsoon hitting Kerala coast but failed to sustain the gains.
Greece postponing repayment of an IMF loan added to negative sentiment already hit by RBI's cautious stance on economic recovery and forecast of a "deficient" monsoon.
Sensex after falling to day's low of 26,718.44 points in early trade, staged a strong comeback to regain the 27,000-mark on value-buying in badly hit blue-chip stocks as the monsoon finally arrived in Kerala.
However, on across-the-board selling towards the fag-end, the Sensex again slipped into negative zone and closed the session 44.93 points or 0.17% down at 26,768.49.
NSE Nifty also fell by 15.95 points or 0.20% to 8,114.70. It shuttled between 8,191.00 and 8,100.15 during the session. Both the indices, Sensex and Nifty, ended in the negative zone for second straight week.
ICICI bank fell the most among Sensex stocks by dropping 2.18%, followed by Tata Motors 2.11%.
Meanwhile, Nestle continued its slide and shed 0.23% to Rs 5,997.10 after the company decided to take Maggi off the shelves following a controversy over its contents, prompting several states to ban the 'two-minute' noodles.