Sensex again on Monday slipped by 109 points to settle at a fresh 19-month low of 24,825.04 on caution ahead of the release of macroeconomic data and TCS’ earnings numbers while another sell-off in China, also hit the market mood.
The benchmark index fell for the fifth time in six days to extend the last week’s steepest loss in more than four years.
“Indices opened in deep red, tracking global markets, but recovered in the second part of session on the back of recovery in Europe,” said Gaurav Jain Director Hem Securities.
Investors see equities to remain volatile in the near-term on account of tomorrow’s IIP data and CPI inflation numbers.
Moreover, IT major TCS is also lined up to release numbers for the third quarter after the market closing tomorrow.
The BSE benchmark Sensex resumed lower at 24,787.11 and dropped further to a low of 24,598.90 before ending at 19th-month low of 24,825.04, showing a loss of 109.29 points or 0.44 per cent. It had risen by 82.50 points on Friday.