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Sensex extends losses

MUMBAI: The benchmark Sensex on the Bombay Stock Exchange (BSE) closed weaker by 182 points on Tuesday, extending its losses to the fourth day in a row, amid signs of sustained pullout by foreign institutional investors (FII) and discouraging trend in other Asian markets.

Generally, the market showed range-bound trading after a bounce from the early lows. However, it plunged at the fag end of the session on increased selling pressure.

The BSE 30-share Sensex closed at 19079.64, a fall of 181.71 points, from Monday’s close of 19261.35. The Sensex has corrected downwards by about 1,489 points, or seven per cent, from its all-time intra-day high of 20498.11 touched on December 13 to Tuesday’s intra-day of low of 19009.35. Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange dropped by 34.70 points to 5742.30 from the previous close of 5777.

Foreign institutional investors (FIIs) were heavy sellers during the day. — PTI

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