Markets decline for 6th day; Sensex sheds 135 points
The Hindu
Nifty went lower by 67.10 points to end at 15,293.50.
Benchmark indices extended their losing streak to the sixth straight session on Friday, with the Sensex declining 135 points in choppy trade amid mixed global markets, unabated foreign fund outflows, and rising crude oil prices.
The BSE benchmark declined 135.37 points or 0.26% to settle at 51,360.42. During the day, the benchmark faced volatility and tanked 574.57 points or 1.11% to its one-year low of 50,921.22.
The NSE Nifty went lower by 67.10 points or 0.44% to end at 15,293.50.
From the Sensex pack, Titan, Wipro, Dr Reddy's, Asian Paints, Sun Pharma, PowerGrid, Larsen & Toubro, UltraTech Cement, Maruti, TCS and Hindustan Unilever were the biggest laggards.
On the other hand, Bajaj Finance, Bajaj Finserv, Reliance Industries and ICICI Bank were among the gainers.
In Asia, markets in Tokyo and Seoul ended lower, while Hong Kong and Shanghai posted gains.
European markets were trading in the green in mid-session deals.
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Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region, once prominent investors in the Indian equity market are seen shying away due to rupee depreciation and have moved to global funds, said a top financial services executive.
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