NEW DELHI: An afternoon after snapping a five day-losing streak, markets as soon as once more confronted heavy losses as Sensex and Nifty lost a in keeping with cent each on Wednesday.
30-share BSE Sensex lost 306.33 issues to close at 34,344.91 while the wider 50-share NSE Nifty closed at 10,430.35, down 106.35 issues.
The Street has now been reeling under force for the final one week. The political uncertainty around Karnataka election used to be the first trigger for investor sentiments turning destructive. In the days that adopted, surge in fuel prices and a vulnerable rupee deepened the rout within the markets which has noticed Sensex wasting about 1,000 issues within the final 7 days.
On Wednesday too, oil stocks floundered with HPCL and ONGC wasting more than 8 in keeping with cent and 4 in keeping with cent respectively. Metal stocks additionally took a beating with the Nifty Metal sub-index closing four in keeping with cent below previous closing.
State-run banks managed to accomplish smartly with SBI outperforming because it gained more than 3.50 in keeping with cent right through the day.
30-share BSE Sensex lost 306.33 issues to close at 34,344.91 while the wider 50-share NSE Nifty closed at 10,430.35, down 106.35 issues.
The Street has now been reeling under force for the final one week. The political uncertainty around Karnataka election used to be the first trigger for investor sentiments turning destructive. In the days that adopted, surge in fuel prices and a vulnerable rupee deepened the rout within the markets which has noticed Sensex wasting about 1,000 issues within the final 7 days.
On Wednesday too, oil stocks floundered with HPCL and ONGC wasting more than 8 in keeping with cent and 4 in keeping with cent respectively. Metal stocks additionally took a beating with the Nifty Metal sub-index closing four in keeping with cent below previous closing.
State-run banks managed to accomplish smartly with SBI outperforming because it gained more than 3.50 in keeping with cent right through the day.
High fuel prices, weak rupee sink Sensex 300 points
![High fuel prices, weak rupee sink Sensex 300 points]()
Reviewed by Kailash
on
May 23, 2018
Rating:
