Sensex closes 137 points down

The BSE Sensex dipped 137 points to a week’s low of 18,721, pulled down by blue chips like Infosys on profit booking as investor remained cautious ahead of first corporate quarter results amid weak markets globally. IT bellwether Infosys, with second heaviest weight on the 30-stock Bombay Stock Exchange index, fell 1.98 per cent ahead of April-June quarter results to be announced on Tuesday. Besides, Metals and mining stocks continued to slide amid reports that a ministerial panel has approved the draft Mining Bill, proposing that such firms share profits with people affected by their projects and pay royalty to them. From / Gulf Today