Sensex was down 134.32 points at 36444.64 on Tuesday while Nifty was down 39.10 points at 10922.80, halting a five halt day rally as concerns over global growth hit equities across the globe. IMF in its latest forecast trimmed its global growth forecast to the weakest in three years. However Indian economy was forecast to grow more 7.5 per cent.
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Auto and metal stocks led the decline today with M&M, Tata Steel and Vedanta falling over 3%. Other major losers in the Sensex 30 pack included Maruti Suzuki, Bharti Airtel, HCL Tech and L&T, down between 1% and 2%.
Global crude oil prices fell after Chinese slowdown stoked fears of weakening global demand.