<p>Benchmark Sensex plunged over 232 points to end at 34,616.13 on Monday, extending its fall to the fifth straight session over political and macroeconomic concerns.</p>.<p>Investors were wary after BJP's B S Yeddyurappa resigned as the chief minister of Karnataka on Saturday minutes before he was to face a floor test to prove his contested majority in the hung assembly, paving the way for the JD(S)-Congress combine to form the government.</p>.<p>Sentiment got another jolt after Moody's Investors Service downgraded PNB's rating, citing the impact of recent fraud on its capital as well as weak internal controls, brokers said.</p>.<p>The 30-share Sensex had soared about 126 points to hit a high of 34,973.95 in early trade but gave up its gains following a widespread sell-off, which dragged it down to 34,593.82.</p>.<p>The gauge finally ended at a nearly one-month low of 34,616.13, down 232.17 points or 0.67 percent. This is its weakest closing since April 25 when it had finished at 34,501.60.</p>.<p>It had lost 708.41 points in the previous four sessions.</p>.<p>The broader NSE Nifty closed lower by 79.70 points, or 0.75 per cent, at 10,516.70, after hovering between 10,621.70 and 10,505.80.</p>.<p>A plunge in the rupee's value and sustained foreign fund outflows added to the gloom.</p>
<p>Benchmark Sensex plunged over 232 points to end at 34,616.13 on Monday, extending its fall to the fifth straight session over political and macroeconomic concerns.</p>.<p>Investors were wary after BJP's B S Yeddyurappa resigned as the chief minister of Karnataka on Saturday minutes before he was to face a floor test to prove his contested majority in the hung assembly, paving the way for the JD(S)-Congress combine to form the government.</p>.<p>Sentiment got another jolt after Moody's Investors Service downgraded PNB's rating, citing the impact of recent fraud on its capital as well as weak internal controls, brokers said.</p>.<p>The 30-share Sensex had soared about 126 points to hit a high of 34,973.95 in early trade but gave up its gains following a widespread sell-off, which dragged it down to 34,593.82.</p>.<p>The gauge finally ended at a nearly one-month low of 34,616.13, down 232.17 points or 0.67 percent. This is its weakest closing since April 25 when it had finished at 34,501.60.</p>.<p>It had lost 708.41 points in the previous four sessions.</p>.<p>The broader NSE Nifty closed lower by 79.70 points, or 0.75 per cent, at 10,516.70, after hovering between 10,621.70 and 10,505.80.</p>.<p>A plunge in the rupee's value and sustained foreign fund outflows added to the gloom.</p>