Sensex closes 129 points down; metal, power stocks slump
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,449.93 points, closed at 17,391.98 points, down 0.74 percent or 129.14 points.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange closed 0.79 percent lower at 5,275.15 points.
The rupee too slipped below 56 against the dollar Monday, the lowest level in more than a week, tracing similar weakness in other Asian currencies on renewed concerns over the global economic growth.
Brokers said investors remain worried about global economic growth after sluggish US jobs data.
Following a dreadful washout in the four-State Assembly polls, a humbled Congress accepted its defeat and called for a much needed introspection to rethink their strategy ahead of the 2014 Lok Sabha polls.
Date 08-12-13, Duration 2:49, Views 567