Mumbai, Jan 31 (Agencies): Continuing its dip for the fourth consecutive session, the BSE benchmark Sensex on Monday, lost over 68 points as investors went on a selling spree,
concerned that high input costs and rising interest rate would dent corporate earnings.

Besides, global stock markets were weak too and offered no support.

The Bombay Stock Exchange benchmark Sensex, which lost 755 points in the last three sessions fell further by 68.21 points to 18,327.76, a level seen in early September last year.

The index dipped to 18,038.48 points intra-day, before improving in the last 30 minutes of buying in fundamentally strong stocks.

In a similar fashion, the broad-based National Stock Exchange index Nifty lost 6.25 points to close at 5,505.90, after touching the day's low of 5,416.65 points as stocks of realty,
FMCG and tech sectors suffered the most.

While investors panicked on rising input cost and hike in interest rate, foreign investors pared positions in view of unrest in Egypt.

Marketmen said that the gauge was the world’s worst performer this year after Egypt and has lost over 10 per cent from its record high level set on last Diwali.

Stocks have dropped each day after the Reserve Bank of India (RBI) raised rates for the seventh time since last March to control accelerating inflation.

Foreign funds sold a net Rs 13.97 billion rupees of Indian equities on January 27. Asian stocks plunged, taking down a regional benchmark index by the most in a week, as demonstrations against Egypt’s President continued for a sixth day and earnings reports disappointed investors.