Mon, 09 Jul 2012 18:27:21 GMT | By IANS

Sensex closes 129 points down; metal, power stocks slump

Mumbai: Amid negative global cues, a benchmark index for Indian equities markets closed 129 points lower Monday on profit booking ahead of the quarterly results.


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.

(Continued)
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