Sensex ends lower by 61 points

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Posted online: Tuesday , January 29, 2008 at 03:07:36

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Mumbai, January 29: In choppy trade, the Bombay Stock Exchange benchmark Sensex closed lower by 61 points on Tuesday on emergence of selling in banking and realty stocks after the Reserve Bank of India left the key rates unchanged.

The Sensex, which surged to 18,491.06 points at open on Tuesday , declined to end at 18,091.94, 60.84 points lower to its previous close.

The index touched the day’s low of 17,927.92 points.

The 50-share Nifty of the National Stock Exchange index however gained 6.70 points at 5,280.80, after touching the day’s low of 5,225.25 and a high of 5,391.60 points.

A steep fall in banking, realty and heavy-machinery stocks mainly pulled down the market after the RBI kept key rates unchanged in its quarterly monetary policy review meeting on Tuesday, brokers said.

They said RBI’s unchanged rates would reduce demand for housing and new constructions and helped pulling down the retail index.

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