NEW DELHI: Equity markets noticed a dramatic fall in the ultimate hour of trading as Sensex finished 238 points under previous final mark at 35,149.12. The broader 50-share NSE Nifty too lost more than part a consistent with cent to slide under the 10,700-mark.
The markets lost for the third straight day as political uncertainty in Karnataka saved lingering on regardless of BJP's B S Yeddyurappa swearing in as the executive minister of the state. Moreover, brent crude oil worth has now inched above the $80 consistent with barrel- mark, stoking destructive sentiments among investors.
Read: Rs four a litre hike in petrol, diesel prices in offing
On Thursday, the benchmark indices had opened in the green however began slipping a few hours into trading and could no longer arrest the slide since then.
All sectoral sub-indices closed in the pink with Nifty FMCG dropping more than a consistent with cent.
The markets lost for the third straight day as political uncertainty in Karnataka saved lingering on regardless of BJP's B S Yeddyurappa swearing in as the executive minister of the state. Moreover, brent crude oil worth has now inched above the $80 consistent with barrel- mark, stoking destructive sentiments among investors.
Read: Rs four a litre hike in petrol, diesel prices in offing
On Thursday, the benchmark indices had opened in the green however began slipping a few hours into trading and could no longer arrest the slide since then.
All sectoral sub-indices closed in the pink with Nifty FMCG dropping more than a consistent with cent.
Political uncertainty, global oil price drags Sensex down almost 250 points
![Political uncertainty, global oil price drags Sensex down almost 250 points]()
Reviewed by Kailash
on
May 17, 2018
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