Rediff.com  » Business » Sensex slumps 289 points; bank stocks drag

Sensex slumps 289 points; bank stocks drag

June 14, 2019 16:04 IST

Top losers in the Sensex pack included IndusInd Bank, Bharti Airtel, Tata Motors, Axis Bank, Kotak Bank, Bajaj Auto, Yes Bank, HCL Tech, HUL and Hero MotoCorp, falling up to 4.36 per cent.

Extending its losses for the third straight session, benchmark BSE Sensex slumped 289 points on Friday, dragged by banking stocks amid weak cues from global markets.

After cracking nearly 400 points during the day, the BSE gauge settled 289.29 points, or 0.73 per cent, lower at 39,452.07.

 

The index hit an intra-day low of 39,363.45 and a high of 39,799.90.

Similarly, the broader NSE Nifty tumbled 90.75 points, or 0.76 per cent, to close at 11,823.30.

During the day, the index touched a low of 11,797.70 and a high of 11,911.85.

Top losers in the Sensex pack included IndusInd Bank, Bharti Airtel, Tata Motors, Axis Bank, Kotak Bank, Bajaj Auto, Yes Bank, HCL Tech, HUL and Hero MotoCorp, falling up to 4.36 per cent.

Bucking the weak market trend, L&T, Sun Pharma, Vedanta, PowerGrid and TCS rose up to 0.80 per cent.

According to experts, domestic market ended significantly lower tracking weak cues from global markets amid continued uncertainty over US-China trade talks and escalating tensions between the US and Iran after attacks on two oil tankers in the Gulf of Oman on Thursday.

After spiking over 4 per cent over the past two days, Brent crude futures pared gains to trade 0.11 per cent lower at $ 61.24 per barrel.

Photograph: Arko Dutta/Reuters

© Copyright 2019 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY