The Bombay Stock Exchange sensitive index, Sensex, fell by over 110 points to settle below the 17000-level, with metal and realty stocks taking a severe beating. There was large scale selling in metal segment after a fall in metal prices on London Metal Exchange. A hectic drop of 3.07 per cent in heavyweight Reliance Industries to Rs. 1,055 after company’s bonus shares hit the market for trading mainly dragged the Sensex down.

After resuming higher, the 30-share barometer moved in a medium range before finishing the day at 16983.14, netting a fall of 118.40 points.

Rupee sheds 28 paise

The rupee declined against the dollar by 28 paise and closed at 46.56/57 on Monday amid signs of capital outflows and a rise in the dollar in the overseas market. It closed at 46.29 last Friday.

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