Sensex, Nifty End At Two-Week Lows; Telecom Stocks Plunge

The S&P BSE Sensex and NSE Nifty 50 indexes fell for fourth day in a row to close at lowest level in two weeks on Tuesday weighed down by weakness in HDFC, Reliance Industries, Bharti Airtel, IndusInd Bank and Maruti Suzuki. Telecom shares were among the worst hit in trade a day after telecom firms Bharti Airtel and Vodafone Idea partly paid the adjusted gross revenue dues as directed by the Supreme Court. The Sensex fell as much as 445 points to hit an intraday low of 40,610.95 and the NSE Nifty 50 index broke its psychological important level of 12,000.The Sensex ended 161 points or 0.39 per cent lower at 40,894 and the NSE Nifty 50 index fell 53 points or 0.4 per cent to close at 11,993.

By nebm

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