The Sensex, which had lost 284 points in the last four trading sessions, opened weak and continued to slide lower in line with Asian markets
Stock indices fell for the fifth consecutive trading day, on Thursday, to a two-week low, with investors worried about persisting global uncertainty as well as inflationary pressures and slow growth prospects.
The Bombay Stock Exchange 30-share sensitive index, Sensex, closed at 18471.37, down by 147.50 points. On the National Stock Exchange (NSE) the 50-share Nifty closed at 5631, down by 35.95 points or 0.63 per cent.
Information technology stocks were the worst hit by 1.79 per cent followed by metal (1.66 per cent) FMCG (1.30 per cent), automobile (0.88 per cent), and banks (0.16 per cent). However, stock of realty, consumer durables and power ended in the positive territory.
Meanwhile, the rupee gained against the dollar , snapping losses recorded in the last three trading days. However, the sentiments on rupee are continuing weak following slow growth rate. It fell to 55.08 in the intra-day, close to its two month low of 55.12 hit on last Monday.
The rupee closed at 54.70/71 compared to its previous close of 54.88/89 to a dollar.