Sensex, Nifty decline for third day on weak global trends, soaring crude oil prices
The Hindu
Sensex, Nifty fell for 3rd day due to global market trends, rising crude oil prices and U.S. bond yields. FIIs offloaded equities worth ₹1,093.47 crore
Benchmark stock indices Sensex and Nifty fell for the third day running on Friday due to weak trends in global markets and soaring crude oil prices.
Foreign fund outflows also weighed on investor sentiments amid strengthening U.S. bond yields which are nearing 5% for the first time since 2007.
The 30-share BSE Sensex fell 231.62 points or 0.35% to settle at 65,397.62. During the day, it plunged 320.63 points or 0.48% to 65,308.61.
Falling for a third straight day, the Nifty declined 82.05 points or 0.42% to 19,542.65.
In three sessions to Friday, Sensex dropped 1,030 points while Nifty tanked 268 points due to selling pressure.
Among the Sensex firms, ITC, Tata Steel, Hindustan Unilever, State Bank of India, JSW Steel and Power Grid were the major laggards.
Kotak Mahindra Bank, IndusInd Bank, Tata Consultancy Services and NTPC were the major gainers.
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