<p>The Sensex today tumbled 162 points, extending its losing run to the sixth day, on fag-end selling after RBI dashed hopes of a rate cut and Samajwadi Party's sudden announcement of candidates for 2014 polls made investors nervous over the political situation.<br /><br /></p>.<p>Eurozone debt worries and rupee trading above 55-level against dollar also impacted the sentiment.<br /><br />After a better start at 18,563.32, the Sensex erased early gains of around 92 points after selling in rate-sensitives gathered pace in the last half hour of trading.<br /><br />RBI Governor D Subbarao said in Pune that at 7.45 per cent inflation is certainly "quite high". Traders said after headline inflation fell to an 8-month low in October, investors had hoped for a rate cut. However, Subbarao's comments poured cold water on such hopes, they added.<br /><br />The sentiment took a further hit when Samajwadi Party announced the first list of candidates for 2014 polls, taking everyone by surprise.<br /><br />"The market also feels Mulayam Singh Yadav's Samajwadi Party has revived the possibility of early elections by releasing the first list of candidates at least 15-18 months before polls are scheduled," said Rikesh Parikh, Vice President Equities, Motilal Oswal Securities.<br /><br />The 30-share Sensex finally closed 162 points, or 0.88 per cent, lower at 18,309.37 -- a level last seen on September 20.<br /><br />ICICI Bank lead the 24 losers in 30-share Sensex, followed by Tata Motors, SBI, Bhel, Maruti and HDFC.<br /><br />The NSE 50-share Nifty also dropped by 56.95 points, or 1.01 per cent. to finish at nearly two-month low of 5,574.05.<br /><br />Barring Hong Kong and Japan which closed with gains, other Asian markets ended up to 0.77 per cent lower.<br /><br />For the week, the Sensex and the Nifty were down by about 2 per cent on concerns over the so-called US 'fiscal cliff', worries over India's fiscal deficit and weak macro data, said Dipen Shah, Head of PCG Research, Kotak Securities.</p>
<p>The Sensex today tumbled 162 points, extending its losing run to the sixth day, on fag-end selling after RBI dashed hopes of a rate cut and Samajwadi Party's sudden announcement of candidates for 2014 polls made investors nervous over the political situation.<br /><br /></p>.<p>Eurozone debt worries and rupee trading above 55-level against dollar also impacted the sentiment.<br /><br />After a better start at 18,563.32, the Sensex erased early gains of around 92 points after selling in rate-sensitives gathered pace in the last half hour of trading.<br /><br />RBI Governor D Subbarao said in Pune that at 7.45 per cent inflation is certainly "quite high". Traders said after headline inflation fell to an 8-month low in October, investors had hoped for a rate cut. However, Subbarao's comments poured cold water on such hopes, they added.<br /><br />The sentiment took a further hit when Samajwadi Party announced the first list of candidates for 2014 polls, taking everyone by surprise.<br /><br />"The market also feels Mulayam Singh Yadav's Samajwadi Party has revived the possibility of early elections by releasing the first list of candidates at least 15-18 months before polls are scheduled," said Rikesh Parikh, Vice President Equities, Motilal Oswal Securities.<br /><br />The 30-share Sensex finally closed 162 points, or 0.88 per cent, lower at 18,309.37 -- a level last seen on September 20.<br /><br />ICICI Bank lead the 24 losers in 30-share Sensex, followed by Tata Motors, SBI, Bhel, Maruti and HDFC.<br /><br />The NSE 50-share Nifty also dropped by 56.95 points, or 1.01 per cent. to finish at nearly two-month low of 5,574.05.<br /><br />Barring Hong Kong and Japan which closed with gains, other Asian markets ended up to 0.77 per cent lower.<br /><br />For the week, the Sensex and the Nifty were down by about 2 per cent on concerns over the so-called US 'fiscal cliff', worries over India's fiscal deficit and weak macro data, said Dipen Shah, Head of PCG Research, Kotak Securities.</p>