Mumbai: The BSE benchmark Sensex on Thursday fell 169 points on profit booking in bluechips on concerns of slow growth and government's share sale in ONGC attracting buyers away from other stocks. (Agencies)
Realty and capital goods stocks extended losses.
The Sensex fell 168.71 points, or 0.95 percent to 17,583.97 on mounting worries over the slowing economy after the third quarter numbers for this fiscal showed yesterday that GDP growth was just 6.1 percent, lowest in over two years.
The NSE 50-share Nifty also fell by 45.45 points, or 0.84 percent to 5,339.75.
A weak trend in the Asian markets fuelled the selling pressure, while a higher openings in Europe capped the losses.
Reliance Industries and Infosys - top Sensex heavyweight - lost 1.01 percent and 0.93 percent respectively.
Shares of ONGC also turned weak after an initial spike, as bids came in for the auction for sale of the government's stake in the company public sector energy giant. It fell 1.87 percent.
Among other major losers, L&T, BHEL, M&M, Tata Motors, SBI, ICICI, HDFC Bank and Tata steel fell over 3.6 percent.
The realty sector index suffered the most by losing 3.29 percent to 1,891.17 followed by capital goods index by 1.62 percent to 10,257.96. Bank index lost 1.20 percent to 11,830.87 and oil and gas index by 0.95 percent to 8,629.23.
Mumbai: The BSE benchmark Sensex on Thursday fell 169 points on profit booking in bluechips on concerns of slow growth and government's share sale in ONGC attracting buyers away from other stocks.