Sensex tumbles by 347.5 points to three-week low

Update: 2013-10-01 22:39 GMT
The benchmark S&P BSE Sensex on Monday tumbled 347.5 points to a new three-week low amid jittery global markets and expectations of weak June quarter current account deficit data.

Heavyweights ITC, ICICI Bank and Reliance Industries dragged the Sensex lower. Capital goods, bank, metal and realty stocks fell on the BSE as 12 of the 13 sectoral indices ended down.

The 30-share Sensex resumed lower in line with weak Asian cues and gradually declined to settle at 19,379.77, a fall of 347.50 points or 1.76 per cent. Last Friday, it had dipped 166.58 points or 0.84 per cent.

The index is at the lowest level since 6 September, when it closed at 19,270.06. However, the Sensex, which gained 760.05 points or 4.08 per cent in September, posted the best monthly gain since November 2012, when it rose 834.52 points or 4.51 per cent.The broader CNX Nifty index on the National Stock Exchange dropped 97.90 points, or 1.68 per cent, to 5,735.30.

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