The Sensex at the Bombay Stock Exchange declined 102 points, or 0.5 percent, to close at a new two-month low of 19,041, today, as weak factory output and sticky inflation dented hopes of a rate cut by the Reserve Bank. The Nifty at the National Stock Exchange dropped 29 points, or 0.5 percent, to 5,760.

Stock markets in Japan, South Korea and Singapore lost between 0.2 percent and 0.6 percent.