Sensex crashes by another 91 points

Automobile, technology and cement stocks led the fall as investors went on a selling spree after recent gains. Heavyweights8212;led by Hindustan Lever8212; added significantly to the overall weakness of the market. Stocks of public sector undertakings PSUs also lost ground on selling pressure. With today8217;s fall, the Sensex has lost 175.90 points in the two trading sessions. This came after the benchmark index rose 368 points in six trading sessions between February 26 and March 8.

There was an overall lack of buying interest as investors appeared wary of making commitments ahead of the advance tax deadline next week. Besides, with no short-term triggers till the quarterly results next month, the market is expected to remain range-bound amid low volumes in the short term.

While uncertainty remains over the outcome of the elections, investors doubt any reversal in the reforms process post-elections.