Sensex declines 477 pts in 5 days

Sensex declines 477 pts in 5 days

FPJ BureauUpdated: Saturday, June 01, 2019, 04:50 PM IST
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Mumbai : The benchmark Sensex fell 94 points to a three-week low in a choppy session amid profit booking and weak Asian stock markets, notching up its fifth straight day of declines. Selling by foreign institutional investors for the second day also kept pressure on the market. Infosys and TCS, along with heavyweight Reliance Industries, dragged the Sensex lower. Tata Steel, Sesa Sterlite and Hindalco were among the top losers. Eight of the 12 BSE sectoral indices fell, led by metal and realty stocks. 

This was the lowest level since December 17, when it closed at 20,612.14. In five straight sessions, the Sensex has declined 477.44 points. The rupee recovered from losses after trading in a narrow range and closed flat at 62.30 against the dollar.

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