<p> The BSE benchmark Sensex today dropped by over 126 points on funds selling auto, banking and realty stocks amid rupee again breaching the 56-mark against the dollar and a weak trend in global markets.<br /><br />The Sensex, which had gained 220 points in last two trading sessions, hit a day's low of 16,295.31 but finally pared some losses to close at 16,312.15, down 126.43 points, or 0.77 per cent.<br /><br />Tata Motors, which plunged 11.80 per cent, led the Sensex losers as the auto maker suffered heavy losses on reports that its Jaguar Land Rover (JLR) unit missed market estimates.<br /><br />Out of the Sensex pack, 20 stocks including Bhel (3.05 pc), ICICI Bank (2.62 pc) and DLF (2.53 pc) ended with losses.Brokers said the weak rupee, which breached the 56-mark again in early trades, made investors jittery and renewed fears of slowing economic growth.<br /><br />The rupee hit an intra-day low of 56.21, just 16 paisa away from its record low of Rs 56.38 hit on May 24.<br /><br />Dealers said market participants squaring off pending positions ahead of monthly settlement in the derivatives segment tomorrow also contributed to today's fall.<br />A weak trend in Asian stocks and lower opening in Eurpe amid dampened hopes of a stimulus package in China and surging Spanish borrowing costs also sapped the domestic market mood to some extent. Across the market, nearly 1,660 stocks fell while 1,046 stocks rose.<br /><br />The 50-share National Stock Exchange index Nifty closed 39.35 points down or 0.79 per cent to 4,950.75 led by stocks of auto, realty and banking sectors.<br /><br />In the BSE, the BSE-Auto index suffered the most by losing 3.97 per cent, followed by BSE-Realty index (2.18 pc) and BSE- Bankex (1.77 pc). However, bucking the trend the BSE-IT and BSE-TECk sector rose on expectations of higher margins on account of weak rupee.</p>
<p> The BSE benchmark Sensex today dropped by over 126 points on funds selling auto, banking and realty stocks amid rupee again breaching the 56-mark against the dollar and a weak trend in global markets.<br /><br />The Sensex, which had gained 220 points in last two trading sessions, hit a day's low of 16,295.31 but finally pared some losses to close at 16,312.15, down 126.43 points, or 0.77 per cent.<br /><br />Tata Motors, which plunged 11.80 per cent, led the Sensex losers as the auto maker suffered heavy losses on reports that its Jaguar Land Rover (JLR) unit missed market estimates.<br /><br />Out of the Sensex pack, 20 stocks including Bhel (3.05 pc), ICICI Bank (2.62 pc) and DLF (2.53 pc) ended with losses.Brokers said the weak rupee, which breached the 56-mark again in early trades, made investors jittery and renewed fears of slowing economic growth.<br /><br />The rupee hit an intra-day low of 56.21, just 16 paisa away from its record low of Rs 56.38 hit on May 24.<br /><br />Dealers said market participants squaring off pending positions ahead of monthly settlement in the derivatives segment tomorrow also contributed to today's fall.<br />A weak trend in Asian stocks and lower opening in Eurpe amid dampened hopes of a stimulus package in China and surging Spanish borrowing costs also sapped the domestic market mood to some extent. Across the market, nearly 1,660 stocks fell while 1,046 stocks rose.<br /><br />The 50-share National Stock Exchange index Nifty closed 39.35 points down or 0.79 per cent to 4,950.75 led by stocks of auto, realty and banking sectors.<br /><br />In the BSE, the BSE-Auto index suffered the most by losing 3.97 per cent, followed by BSE-Realty index (2.18 pc) and BSE- Bankex (1.77 pc). However, bucking the trend the BSE-IT and BSE-TECk sector rose on expectations of higher margins on account of weak rupee.</p>