MUMBAI: The BSE benchmark sensex on Tuesday plunged by 245 points, extending losses for the fifth straight session, on heavy selling in oil&gas, power, PSU and auto stocks after RBI lowered its GDP forecast and kept interest rates unchanged, amid rupee again falling below the 60-mark.
With almost six out of ten stocks ending up as losers on the BSE, wiping out Rs 1.1 lakh crore in investor wealth. 12 out of 13 sectoral indices closed down amid hectic selling.
After a better start, sensex tumbled by 244.94 poins, or 1.25% to end at a nearly three-week low of 19,348.34. The gauge has now lost over 950 points in five days.
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