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Sensex closes lower on profit booking

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The BSE Sensex closed 1.9 percent lower on Friday but posted ninth consecutive weekly rise as investors turned net sellers from net buyers. MARKETS-SOUTHASIA-STOCKS/

The benchmark closed down 240.51 points at 11,876.43, while the Nifty ended 1.7 percent down at 3,620.70.

The fall in the Sensex was led by ICICI Bank, Infosys, Reliance Industries and HDFC.

On the sectoral front, the BSE Banking Index shed 3.2 percent, followed by the Metal Index which ended down 2.5 percent. The BSE Consumer Durable Index, however, ended higher at 1.8 percent.

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