Mumbai, June 18: Retreating from one-week highs, the BSE sensex on Tuesday closed nearly 103 points down at 19,223.28 on selling in bluechips like HDFC Bank, ICICI Bank and ITC, amid weakness in global markets ahead of US Federal Reserve's decision over continuing monetary stimulus.
After opening nearly flat at 19329.17, the 30-share benchmark index witnessed volatility and touched an intra-day low of 19191.37. Snapping a two-day winning run where it had gained 499 points, the sensex closed at 19223.28, down 102.59 points or 0.53 per cent.
Traders adopted caution today and appeared to book profits as global markets keenly awaited decisions from the US Fed, whose two-day policy-meeting starts today. Investors are looking for signals if Fed will roll back at least partially $85 billion in monthly bond purchases after US economy showed some recovery in recent weeks, brokers said.
In a weak session, the rupee was trading at 58.59 a US dollar — down a whopping 72 paise or 1.24 per cent.
"Weakness in global markets ahead of Fed's decision over continuing its stimulus plan, falling Rupee and selling from FIIs kept the indices under pressure," said Rakesh Goyal, senior vice-president, Bonanza Portfolio Limited.
Lenders led by ICICI Bank, State Bank of India and HDFC Bank closed down. NTPC was the biggest loser in sensex. Bharti Airtel fell over 1.6 per cent a day after Trai lowered roaming charges for calls and SMSs.
The BSE banking index fell the most by losing 1.20 per cent, followed by consumer durable index by 1.09 per cent, Capital goods index by 0.86 per cent and power index by 0.64 per cent. However, bucking the overall weak trend, IT major Infosys gained on hopes of better earnings on weak rupee.
The NSE index Nifty lost 36.45 points, or 0.62 per cent to 5,813.60, after rising to 5,863.40 at the outset. Also, SX40 index, the flagship index of MCX-SX, closed at 11413.03, down 44.81 points or 0.39 per cent.