The index is on a downward spiral since Wednesday on sustained foreign fund outflows and has lost 639.30 points since.

The BSE barometer after rising over 147 points in early trade to hit a high 25,785.53 slipped into the negative zone after stocks of ITC led the fall and touched a low of 25,477.69. Finally, it settled 108 points or 0.42 percent lower at 25,530.11, its lowest level since November 18.

The NSE Nifty after rising past 7,800-mark to touch a high of 7,825.40 points in early trade, succumbed to profit-booking and ended 16.50 points or 0.21 percent down at 7,765.40.

Of the 30-share Sensex pack, 16 stocks fell while Hero MotoCorp settled steady. Shares of cigarette maker ITC tumbled by 6.57 percent to Rs 313.55 on BSE, emerging as the worst performer among the Sensex stocks after a GST panel suggested 40 percent tax rate for demerit goods like pan masala and tobacco.

Selling was also seen in other brands such as Godfrey Phillips, which plunged 4.90 percent and VST Industries, that dipped 2.85 percent. Stocks of oil producers also faced selling pressure after OPEC cartel decided against slashing high output levels.

Latest News  from Business News Desk