Business Standard

Sensex hits one-week low on profit-taking

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Reuters MUMBAI

MUMBAI (Reuters) - The BSE Sensex fell for a second consecutive session on Tuesday to its lowest close in a week as recent outperforming blue chips such as ITC fell ahead of Federal Reserve events that could provide cues on the future of the U.S. stimulus programme.

The U.S. central bank is set to release minutes from its last minute on Wednesday, while Fed Chairman Ben Bernanke is also due to testify in Congress on the same day.

ITC Ltd fell 1.09 percent, while Tata Motors Ltd lost 3 percent.

The BSE Sensex fell 0.56 percent, while the 50-share Nifty ended down 0.7 percent.

 

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

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First Published: May 21 2013 | 3:43 PM IST

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