Closing Bell: Sensex drops 407 points, Nifty ends below 11,750

New Delhi , News Nation Bureau | Updated : 21 June 2019, 05:27 PM
Closing Bell: Sensex drops 407 points, Nifty ends below 11,750 (file photo)
Closing Bell: Sensex drops 407 points, Nifty ends below 11,750 (file photo)

The BSE Sensex plunged 407 points on Friday, dragged by heavy losses in index heavyweights HDFC and Reliance Industries amid rising geopolitical tensions in the Middle East.The BSE gauge settled 407.14 points, or 1.03 per cent, lower at 39,194.49. The index hit an intra-day low of 39,121.30 and a high of 39,617.95.Similarly, the broader NSE Nifty tumbled 107.65 points, or 0.91 per cent, to 11,724.10.

During the day, the index touched a low of 11,705.10 and a high of 11,827.95.Yes Bank was the top loser in the Sensex pack, dropping 4.36 per cent.Other losers included Maruti, HDFC, Hero MotoCorp, Sun Pharma, HUL, Kotak Bank, Coal India, RIL, TCS and Bharti Airtel, shedding up to 3.39 per cent.

In the previous session on Thursday, the BSE gauge settled 488.89 points, or 1.25 per cent, higher at 39,601.63; and the Nifty closed 140.30 points, or 1.20 per cent, up at 11,831.75.

Top losers in the Sensex pack included Maruti, Yes Bank, Tata Motors, Kotak Bank, ITC, HDFC, Axis Bank and Bajaj Auto shedding up to 2 per cent.While, Vedanta, SBI, Coal India, L&T, PowerGrid, IndusInd Bank, ICICI Bank and HCL Tech were among the gainers, rising up to 1 per cent.

According to experts, investors took weak cues from other Asian markets amid continued foreign fund outflow and a depreciating rupee.

Brent crude futures, the global oil benchmark, rose 0.51 per cent to USD 64.78 per barrel.While bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a weak note, equity markets in Europe were trading in the green in early deals.

On the currency front, the Indian rupee depreciated 11 paise to 69.55 against the US dollar intra-day. 

(With inputs from PTI )

First Published: Friday, June 21, 2019 03:46 PM
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