Sensex down 299.18 pts during week

Sensex down 299.18 pts during week

Agency News

Mumbai, Sep 15: The benchmark index of Bombay Stock Exchange (BSE) tumbled down by 299.18 points to 38,090.64 during the week ended on Friday, tracking negative global cues as fears of a potentially major escalation in the Sino-US trade conflict weighed on investor sentiment.

Even sinking Rupee to a fresh-low also dragged the equity market. The Nifty of National Stock Exchange (NSE) too dropped by 74 points to 11,515.20. In first two sessions of the week, the equity market crashed by 976 points. As on Monday, the sensex was settled below 38K level to 37,922.17 points, a three-week-low while the Nifty too dropped by 151 points to 11,438.10.

On Tuesday, the Sensex further lost ground by 509 points to finish at 37,413.13 on weak global cues. Erasing earlier losses, the Sensex ended positive at 37,717.96, advancing by 304.83 points on Wednesday. Even, Nifty too gained by 82.40 points from its last close.

The equity market jumped following gain in FMCG, Capital Goods, Power, Industrials and Materials stocks. On Thursday, there was no trading in stock market on account of 'Ganesh Chaturthi'.

On the last day of the week, on Friday, the sensex added another gain of 372.68 points to touching 38K level to 38,090.64 even Nifty too rallied by 145.30 points to 11,515.20. (UNI)