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Market completed its hat-trick of weak closings this week; after a weak start key indices tumbled through the day with Bombay Stock Exchange (BSE) Sensex slipping below the key psycological level of 21,000 today.
Market participants remained jittery ahead of key economic data that is slated for release post market hours today. Benchmarks extended losses in the afternoon trades dragged down by heavyweight stocks.
The 30-share BSE Sensex ended 259 lower at 20,912 down 1.2% from its previous close while the broader 50-share Nifty index of the National Stock Exchange (NSE) scrapped 73 points at end at 6234 levels, down 1.22 % as compared to its yesterday's close.
Sentiment was also hit on account of a provisional budget deal in the US which removed one of the near-term reasons for the Fed to keep up its current pace of economic stimulus also known Quantitative Easing-3 (QE-3) .
