The BSE sensex in the New Year has fallen by over 1300 points in 5 consecutive sessions. The major fears coming from the weak international cues as well as the interest rate hike fear coupled with the worries of rocketing domestic inflation rates.

The index touched a 7 week low of 19,224 after it fell 4.8% or 960 points in just 2 consecutive trading sessions, disappointing the investors. The BSE sensex showed a lot of promise in the last week of 2010 when it was rising in consecutive sessions, but since the start of New Year it has been disappointing.

If the total slide down over the last 5 sessions was to be considered, it has dipped over 6.66%. Foreign institutional investors have also reportedly pulled out Rs 964 crore from the Indian market.

Even heavyweights such as Reliance Industries, ICICI Bank and Larsen and Toubro have registered a downfall of over 3 percent. Real estate (down 3.6%), capital goods (3.5%) and consumer durables (3.3%) registered on the charts as top losers of the day.