Sensex down 61 pts on global cues

MUMBAI: The BSE benchmark Sensex shed 61 points to end below the 18,000-mark Tuesday despite strong GDP growth in the first quarter, with blue-chips led by RIL registering sharp losses amid a weak global trend.



The Sensex, which tumbled nearly 212 points on heavy selling, recouped some of the losses at the fag-end of trade on buying at lower levels and ended 60.99 points down at 17,971.12.



The broad-based National Stock Exchange index Nifty fell by 13.05 points to 5,402.40 after touching an intra-day low of 5,348.90.



Market analysts said the selling pressure was caused by concerns that the fastest economic growth registered by the Indian economy in 30 months might prompt the Reserve Bank of India to continue with its monetary policy tightening measures.



The government on Tuesday announced that the Gross Domestic Product grew by 8 per cent.






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