Markets fall for third day on weak global equities, spike in Brent crude oil prices
The Hindu
The 30-share BSE Sensex declined 115.81 points or 0.17% to settle at 66,166.93
Benchmark equity indices ended lower on October 16, falling for the third day running, amid weak trends in global markets and spike in Brent crude oil prices due to geopolitical tension in the Middle East.
The 30-share BSE Sensex declined 115.81 points or 0.17% to settle at 66,166.93. During the day, it fell 243.36 points or 0.36% to 66,039.38.
The Nifty slipped 19.30 points or 0.10% to 19,731.75.
From the Sensex pack, Nestle, Tata Consultancy Services, IndusInd Bank, Asian Paints, Bharti Airtel, Tech Mahindra, UltraTech Cement, Kotak Mahindra Bank and Hindustan Unilever were among the major laggards.
Tata Steel, JSW Steel, HCL Technologies, Axis Bank, Power Grid and Mahindra & Mahindra were among the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower.
European markets were trading mostly in the negative territory. The U.S. markets ended on a mixed note on Friday.
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