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Sensex Closes Nearly 300 Points Down, Nifty Slips Below 11,850

Sensex lost 289.29 points to close at 39,452.07 while Nifty finished at 11,823.30, down 90.75 points.

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Equity benchmark indices Sensex and Nifty closed with heavy losses on Friday, 14 June,

30-share BSE Sensex lost 289.29 points to close at 39,452.07 while the broader 50-share NSE Nifty finished at 11,823.30, down 90.75 points.

Among sectors, the Nifty FMCG and Nifty Auto sub-indices lost the most, going down by almost 1.50 percent each.

Nine out of 11 sectoral gauges compiled by BSE traded lower, led by NSE Nifty Realty Index's 0.63 percent fall. On the flipside, the NSE Nifty Financial Service Index was the top sectoral gainer, up 0.5 percent.

According to experts, market mood was negative tracking weak cues from global markets amid rising crude oil prices after attacks on two oil tankers in the Gulf of Oman on Thursday, and continued uncertainty over trade talks between the US and China.

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The United States has blamed Iran for the attacks as the incident came amid spiralling tensions between Tehran and Washington which has pointed the finger at Iran over earlier tanker attacks in May.

Meanwhile, the Rupee opened on a weak note and declined by 11 paise to 69.61 against the US dollar in opening trade Friday, as rising crude oil price concerns weighed on investor community.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

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Topics:  Markets   BSE Sensex   Markets Open 

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