Indian stock markets slid again by nearly 1.7 per cent on Monday. Sensex tumbled by 347.5 points to a new three-week low to 19,379.77 points while the boarder index Nifty fell by 98 points to 5,735.30. Experts said that the fall came amid jittery global markets and expectations of weak June quarter current account deficit data.
Out of the 13 sector indices on BSE 12 indices closed in pressure lead by capital goods index which fell by 2.9 per cent. Bank, metal and real estate indices followed and closed with 2.84 per cent, 2.44 per cent and 2.09 per cent down respectively.
The index closed at its lowest level since September 6. As per the provisional data from stock exchanges, foreign investors sold shares worth Rs 519.64 crore.
The broader CNX Nifty index on the National Stock Exchange dropped 97.90 points, or 1.68 per cent, to 5,735.30. “Investors were seen cautious ahead of current account deficit (CAD) data for June quarter,” said Nidhi Saraswat, senior research analyst at Bonanza Portfolio ltd.