Stock markets fell for the second straight session with the benchmark Sensex on Tuesday sliding 134.91 points to one-month low of 28,709.87 as investors sold realty, power and oil&gas shares amid lingering worries over an earlier-than-expected hike in US interest rates. After over 604-point crash, the 30-share BSE Sensex opened in positive terrain but soon succumbed to selling pressure. It touched day's low of 28,584.49.
A late round of buying helped reduce some losses and the Sensex settled at 28,709.87, its weakest closing since February 11, down 134.91 points, or 0.47 per cent. Intra-day, it touched a high of 28,949.11.
Gold falls Rs195 per 10 gram
Taking weak cues from overseas markets and subdued demand from jewellers, gold today plunged by Rs195 to Rs26,430 per ten gram and silver by Rs200 to Rs36,000 per kg at the bullion market. Traders said besides easing demand from jewellers, a weak global trend as stronger dollar reduced appeal of the precious metals dampened the sentiments.