Sensex falls below 14,000 level

New Delhi July 8 (ANI): The Bombay Stock Exchange (BSE) benchmark index dipped below 14,000 point mark during early trade on Wednesday, due to the heavy selling by funds in heavy-weight stocks, and also weak global markets.

The Sensex, which had gained over 127 points on Tuesday, dipped by 309.93 points, or 2.18 per cent, to 13,860.52 in opening session, a level last seen on May 22.

According to experts, these sentiments were mainly dampened on weak trends on the global markets on concerns that the world economic recovery may not be near as anticipated.

The National Stock Exchange (NSE) index Nifty also declined by 94.60 points, or 2.25 per cent, to 4,107.55.

Reliance Industries which fell by 1.81 per cent to Rs 1,821.75, Reliance communication which fell by 2.64 per cent to Rs 257.75 and Reliance Infrastructure which fell by 2.68 percent to Rs 1,125.20, Infosys Technologies by 0.59 per cent to Rs 1,728.90, ICICI Bank by 2.78 per cent at Rs 675.65 and Tata Steel by 4.81 per cent to Rs 378.95, were among the major losers of early trade. (ANI)