Sensex dips by 132 points on World Bank growth byte

The benchmark Sensex fell 132 points, the most this month, dragged down by IT stocks as investors shrugged off a deal reached by US lawmakers to end the government shutdown and increase the debt ceiling.

Optimism generated after the US averted the debt crisis for a few months was tempered by the World Bank’s sharply lower growth estimate of 4.7 per cent for the Indian economy.