Sensex snaps 3-day winning streak

The 30-share index ends down 183 points at 19,851 and the 50-share Nifty closes 76 points lower at 5,955

The BSE Sensex fell nearly one per cent on Tuesday, snapping a three-day winning streak, as lenders such as YES Bank and other financial firms slumped after the Reserve bank of India (RBI) late on Monday raised short-term interest rates in a bid to curb the rupee's slide. The BSE Sensex fell 0.91 per cent, or 183.25 points, to 19,851.23, closing below the key 20,000 level. The Nifty fell 1.25 per cent, or 75.55 points, to 5,955.25, marking its biggest single-day fall since July 3. Bank of America-Merrill Lynch reduced India's financial year 2013-14 growth forecast to 5.5 per cent of gross domestic product from its earlier 5.8 per cent estimate after the central bank's liquidity measures, it said in a note on Tuesday.