Sales Fears Spawn Hindustan Lever Sales

The Bombay Stock Exchange (BSE) sensex slipped for the second straight day today following selling pressure in Hindustan Lever, which fell on reports of a decline in August retail sales growth.

However, key technology stocks rebounded on higher Nasdaq futures. The sensex settled 31.70 points lower at 2,959.66, its lowest close since August 8. It has dropped 2.57 per cent since last Friday. Meanwhile, on the National Stock Exchange, the S&P CNX Nifty index shed 7.95 points to settle at 955.20.

Overall, losers outnumbered gainers by about two to one on higher volumes.