NEW DELHI: Markets on Friday prolonged losses for the second one straight session amid fears on international trade and economic expansion. The benchmark BSE Sensex closed 341 points decrease at 33,349, while the wider NSE Nifty completed 95 points down at 10,zero30.
The BSE index lost 1.01 in line with cent throughout the day and the NSE platform dropped by zero.94 in line with cent.
A number of factors including a depreciating rupee, a tick-up in oil costs, and susceptible cues from international markets are weighing on the market, stated Siddhartha Khemka, head of retail research at Motilal Oswal Securities.
As the derivatives contracts expired on Thursday, there was a spike in rollovers, especially on the short side, which is an added fear, he added.
Yes Bank, Axis Bank, IndusInd Bank, Tata Consultancy Services and Kotak Mahindra Bank were some of the main losers on the 30-share BSE, falling as much as eight.97 in line with cent. On NSE, all the sub-indices resulted in red with Nifty Private Bank declining the most by 2.05 in line with cent.
(With inputs from agencies)
The BSE index lost 1.01 in line with cent throughout the day and the NSE platform dropped by zero.94 in line with cent.
A number of factors including a depreciating rupee, a tick-up in oil costs, and susceptible cues from international markets are weighing on the market, stated Siddhartha Khemka, head of retail research at Motilal Oswal Securities.
As the derivatives contracts expired on Thursday, there was a spike in rollovers, especially on the short side, which is an added fear, he added.
Yes Bank, Axis Bank, IndusInd Bank, Tata Consultancy Services and Kotak Mahindra Bank were some of the main losers on the 30-share BSE, falling as much as eight.97 in line with cent. On NSE, all the sub-indices resulted in red with Nifty Private Bank declining the most by 2.05 in line with cent.
(With inputs from agencies)
Markets end in red, Sensex dives nearly 350 points
![Markets end in red, Sensex dives nearly 350 points]()
Reviewed by Kailash
on
October 27, 2018
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