Sensex falls again on monsoon concerns
weekly fall of the year, as the market remained volatile on concerns over the weak monsoon.
The Sensex, which dropped nearly 1,283.39 points this week, fell further by 253.24 points at 13,504.22, after touching the day's low of 13,418.39 and a high of 13,897.19.
The 50-share National Stock Exchange index Nifty tumbled by 77.05 points at 4,003.90. It moved between 4,129.95 and a 3,976.80 points during the session.
Whopping gains in the Infosys stock failed to support the market.
Marketmen said part of the fall was due to some hedge funds taking short positions.
The market remained concerned at the rains coming late and there were doubts global economic recovery, but a rise in Infosys Technologies by 2.97% at Rs 1,726.50 after it posted better-than-expected quarterly earnings cushioned the downfall.
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