The rupee, which lost ground as much as 23 paise against the dollar intra-day, dampened investor appetite. As if this was not enough, China manufacturing activity slumped to a 15-month low, making the overall mood cloudy. The 30-share BSE barometer went down 258.53 points, or 0.91 percent, to 28,112.31, with all sectoral indices except for consumer durables and FMCG ending in the red.

The gauge has dropped 392.62 points in the past two days. The NSE Nifty ended the day down 68.25 points, or 0.79 percent, at 8,521.55 after trading between 8,513.50 and 8,589.15 intra-day.

On a weekly basis, the Sensex and the Nifty turned lower by 351 points (1.23 percent) and 88.30 points (1.02 percent), respectively. The fall in indices tracked the continuing stand-off over legislative reforms, including Goods and Services Tax, in Parliament. Heavyweights ICICI Bank and Reliance bore the brunt ahead of their results announcement slated later for the day, both of which fell up to 4 percent. Wipro was down 3.73 percent after its earnings show failed to enthuse investors.

Sector-wise, BSE capital goods (down 1.57 percent) was worst hit, followed by realty. Broader markets lay low too, with the BSE mid-cap and small-cap indices falling 0.61 percent and 0.58 per cent, respectively.

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