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Nifty falls most in nearly five weeks on Fed, China woes

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Reuters

(Reuters) - The Nifty fell nearly 1 percent on Monday to mark its biggest single-day fall in nearly five weeks as blue-chips such as ITC Ltd declined on anxiety after China's factory output slowed and caution ahead of the Federal Reserve meeting this week.

ITC provisionally fell 1.2 percent, while Housing Development Finance Corp ended 1.6 percent lower.

The benchmark BSE Sensex provisionally closed 0.89 percent lower, while the broader Nify lost 0.78 percent, marking their biggest single-day fall since Aug. 8 to retreat further from record highs hit last week.

(Reporting by Abhishek Vishnoi; Editing by Anand Basu)

 

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First Published: Sep 15 2014 | 3:43 PM IST

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