Sensex dips most in two weeks; settles 126 points down

Mumbai, June 22: Stock market benchmark Sensex today fell 126 points, the most in two weeks, as investors booked profits after yesterday’s brisk rally.

The 30-share barometer of the Bombay Stock Exchange, which rallied over 300 points to settle at its highest level in more than two months yesterday, witnessed profit booking in metal and Information Technology stocks to finish the trade at 17,749.69 points, down 126.86 points, or 0.71 per cent.

The BSE gauge witnessed the biggest fall since June 7.

The bellwether opened on a weak note, tracking global cues.

During the markets, the Sensex touched a low of 17,725.63 points but ended above that level.

Likeweise, the Nifty index of the National Stock Exchange ended 0.69 per cent lower at 5,316.55 points.

The fall also comes amid waning excitement over China moving towards limited float of its currency that would allow it to appreciate against the US dollar.

–Agencies