<p>Snapping 5-day rally, the Bombay Stock Exchange benchmark Sensex fell 85 points today on profit booking by funds on low economic growth estimates for this fiscal and a weak trend in global markets.<br /><br /></p>.<p>In highly volatile trade, the BSE 30-share Sensex dropped by 84.86 points, or 0.48 per cent to 17,622.45, after climbing to 17,832.04.<br /><br />The gauge, which gained over 5 per cent in the last five sessions, fell as Advanced Estimates released today indicated that the country's economic growth in 2011-12 is expected to fall to 6.9 per cent from 8.4 per cent last fiscal.<br /><br />The GDP growth projection is a tad lower than the 7 per cent forecast made by the Reserve Bank in its quarterly monetary policy review last month.<br /><br />Besides, a weak trend in the Asian region and lower openings in Europe amid persisting debt crisis in the euro- zone nations, especially Greece, fuelled the downtrend.<br /><br />The 50-issue National Stock Exchange index Nifty also fell 26.50 points, or 0.49 per cent to 5,335.15, after touching the day's high of 5,413.35.<br /><br />Capital goods, realty, power and metal stocks lost up to 2.29 per cent on all-round selling.<br /><br />Bluechips such as Infosys, L&T, BHEL, Bharti Airtel, GAIL, HDFC Ltd, SBI, Hero MotoCorp, M&M, Maruti Suzuki, NTPC, Tata Steel, Tata Power and Hindalco closed the day in the red.</p>
<p>Snapping 5-day rally, the Bombay Stock Exchange benchmark Sensex fell 85 points today on profit booking by funds on low economic growth estimates for this fiscal and a weak trend in global markets.<br /><br /></p>.<p>In highly volatile trade, the BSE 30-share Sensex dropped by 84.86 points, or 0.48 per cent to 17,622.45, after climbing to 17,832.04.<br /><br />The gauge, which gained over 5 per cent in the last five sessions, fell as Advanced Estimates released today indicated that the country's economic growth in 2011-12 is expected to fall to 6.9 per cent from 8.4 per cent last fiscal.<br /><br />The GDP growth projection is a tad lower than the 7 per cent forecast made by the Reserve Bank in its quarterly monetary policy review last month.<br /><br />Besides, a weak trend in the Asian region and lower openings in Europe amid persisting debt crisis in the euro- zone nations, especially Greece, fuelled the downtrend.<br /><br />The 50-issue National Stock Exchange index Nifty also fell 26.50 points, or 0.49 per cent to 5,335.15, after touching the day's high of 5,413.35.<br /><br />Capital goods, realty, power and metal stocks lost up to 2.29 per cent on all-round selling.<br /><br />Bluechips such as Infosys, L&T, BHEL, Bharti Airtel, GAIL, HDFC Ltd, SBI, Hero MotoCorp, M&M, Maruti Suzuki, NTPC, Tata Steel, Tata Power and Hindalco closed the day in the red.</p>