The Sensex
extended losses for the second consecutive week by slipping by another 398 points on persistent selling pressure from operators on
hike in interest rates by the Reserve Bank of India (RBI).
In addition to the central bank's anti-inflationary stance, weak global cues also prompted investors to liquidate their positions. Fears of a
potential default by Greece and weak economic data in the US added to the nervousness among investors.
The 30-share BSE barometer fell 398.01 points, or 2.18 per cent, to 17,870.53. The 50-unit S&P CNX Nifty also lost 119.40 points, or 2.18 per cent, to 5,366.40.
Looking to invest in stock market? Here are some tips The BSE Small-Cap index fell 1.38 per cent and the BSE Mid-Cap index 1.21 per cent.
Key benchmark indices dropped to three-week lows as concerns over Greece's debt crisis rattled world stocks.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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