Markets Close Lower: Sensex Falls 400 Points; Nifty Below 11,750

A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. 

(Photo: Reuters)

The Indian equity benchmarks extended declines for the third straight week, clocking their worst week in over a month on Friday, 21 June. The markets were weighed down by auto, banking and pharma stocks along with a negative global sentiment due to the US-China trade tensions and rising crude oil prices, according to CNBC-TV18.

The Sensex was down 407.14 points at 39,194.49, while Nifty was down 107.70 points at 11,724.10. The broader market index represented by the NSE Nifty 500 Index closed 0.91 percent lower this week.

About 1157 shares advanced, 1,292 shares declined, and 167 shares were unchanged.

Major gainers on the Nifty were Tech Mahindra, UPL, Indiabulls Housing, Hindalco Industries and SBI, while Yes Bank, Maruti Suzuki, HDFC, Coal India and hero Motocorp were among the major losers.

Today, the 31-stock index closed 407 points or 13.03 percent lower and the 50-share gauge closed 0.91 percent lower. The 500-share index ended 0.67 percent lower.

The declines in the benchmark indices were led by fall in HDFC, Reliance Industries and Kotak Mahindra Bank.

Meanwhile, oil prices rallied towards, 65 dollars per barrel on the back of heightening military tensions between US and Iran.

(With inputs from CNBC-TV18.)