MUMBAI: Erasing 110-point gain in early trade, the BSE Sensex
fell for the third straight day today by closing 19 points lower on
emergence of profit-booking as investors turned cautious amid India's
June exports contracting by 5.45 per cent due to global economic
slowdown.
Brokers said the focus has turned to inflation data which is scheduled for July 16 as it may decide Reserve Bank's next move when it meets for for first quarter monetary policy review later in the month.
The BSE benchmark index closed with a loss of 18.85 points, or 0.11 per cent, at 17,213.70. With this, the index has lost over 400 points in three sessions.
Brokers said the focus has turned to inflation data which is scheduled for July 16 as it may decide Reserve Bank's next move when it meets for for first quarter monetary policy review later in the month.
The BSE benchmark index closed with a loss of 18.85 points, or 0.11 per cent, at 17,213.70. With this, the index has lost over 400 points in three sessions.
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