The benchmark S&P BSE Sensex snapped its two-week gains, tumbling 342 points in the just concluded trading week on fresh selling in capital goods, power, PSU, auto, refinery, metal and banking sectors.
RBI Governor Raghuram Rajan, in his foreword to the 8th edition of the RBI's Financial Stability Report 2013, said any political instability will lead to a further erosion of investor confidence in the economy and that a stable new government would be desirable at the Centre.
The Sensex resumed higher at 21,260.15 and hovered in a wide range of 21,331.32 to 20,731.33 before concluding at more than two-week low of 20,851.33, disclosing a loss of 342.25 points, or 1.61 per cent, over the last weekend.
The 30-share index had gained 478 points, or 2.31 per cent, in the previous two weeks.
The NSE 50-share Nifty also dropped by 102.65 points, or 1.63 per cent, to 6,211.15. It had gained by 145.40 points, or 2.36 per cent, in the previous two weeks.