BSE Benchmark witnessed losses for the fifth consecutive day on Monday with Sensex losing 17 points to end at 25,006.98 on selling pressure mainly in consumer durables and IT shares, amid capital outflows.
Foreign portfolio investors (FPIs) were net sellers of Rs 723.48 crore on last Friday as per provisional data from the stock exchanges. The offloading occurred after being buyers in previous six sessions, that had consequently helped stocks scale new highs in the run-up to the Union Budget.
Signs of recovery on the macroeconomic front failed to enthuse investors. Inflation dipped to 5.43 per cent in June as against 6.01 per cent in May, Government data showed on Monday. On Friday post market hours, data had showed that factory output grew at 19-month high of 4.7 per cent in May.
Sensex resumed opened higher at 25,093.16 and moved up further to 25,095.76. However, profit-taking in select stocks pushed it immediately to 24,892.00 before settling at 25,006.98 -- a loss of 17.37 points or 0.07 per cent from its last weekend's level of 25,024.35. targeted natural gas from its KG-D6 block.