Sensex falls to 3-month low; down 220 pts as commodities drag

BSE Sensex slipped for a fifth straight session today to close at a three-month low of 25,310.33 by tumbling about 220 points as oil dropping to multi-year lows hit domestic commodity stocks.

By: ENS Economic Bureau | Mumbai | Updated: December 9, 2015 4:29 am
sensex Among other Asian markets, Hong Kong’s Hang Seng was down 1.89 per cent, while Japan’s Nikkei shed 1.03 per cent in today.

Extending losses for the fifth consecutive session on Tuesday , the benchmark BSE Sensex tumbled by about 220 points to 25,310.33 as the drop in global crude prices to seven-year lows hit domestic commodity stocks. The index had closed at 24,893.81 points on September 7.

While, fresh concerns arising over passing of key reform Bills in Parliament dampened the sentiment, sustained foreign funds outflows and weakness in the rupee also added to the rout.

After shuttling between 25,256.79 and 25,542.47, the 30-share Sensex ended the day down by 219.78 points or 0.86 per cent at over a three-month low of 25,310.33. The BSE oil & gas index plunged by 2.14 per cent. With a slump of over 5 per cent, GAIL was the biggest loser among Sensex and Nifty stocks.

BSE realty index tanked the most, down 3.69 per cent, followed by metal 3.25 per cent, PSU 2.11 per cent and power 1.80 per cent. The NSE Nifty, after dipping below the 7,700-mark to touch a low of 7,685.45, settled 63.70 points down at 7,701.70. With PTI

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