Mumbai : Falling for the second day, the benchmark Sensex dropped by almost 150 points to end at one-month low level of 19,610.48 as oil and power shares tripped on weak manufacturing output signals apart from sharp fall in the rupee.
Sensex ended at 19,610.48, a loss of 149.82 points or 0.76%. The sentiment was also affected by a weak rupee which slumped to 11-month lows of 56.73 against the US dollar.
Continuing its free fall for the fifth straight session, the rupee slumped by 26 paise on fag-end dollar buying and capital outflows from local equities.
However, Infosys jumped nearly 9% on hopes that co-founder N R Narayana Murthy, who will be assuming the post of executive chairman, will propel back the IT major into high-growth trajectory. The stock closed 4.4% up. There was also heavy selling pressure in the Asian markets on the back of concerns over the continuation of US stimulus package and weak growth in the Chiness economy.