Sensex slump by 737.53 pts during week

Sensex slump by 737.53 pts during week

Agency News

Mumbai, Feb 16 : The equity market crashed during the week ended on Friday as the BSE Sensex dropped by 737.53 points to 35,808.95 or 2.02 per cent, two-week-low on fresh concerns about rising crude

oil prices resurfaced, with Brent crude oil futures firming up amid mixed global cues. Sustained foreign fund outflow and fresh weakness in the rupee against the dollar too dragged the market.

The Nifty 50 index fell 219.20 points or 2% to settle at 10,724.40. The BSE Mid-Cap index slid by 388.27 points or 2.71 pc to settle at 13,940.54. The BSE Small-Cap index fell 403.94 points or 2.96 pc to settle at 13,252.81.

Trading for the week began on a negative note. Key equity indices declined on Monday as the Sensex fell 151.45 points at 36,395.03, its lowest closing level since January 31, due to selling pressure in index pivotals. Investors worried over global uncertainties amid lingering fears over US-China trade talks and global growth.

On Tuesday, the Sensex fell 241.41 points at 36,153.62. Very next day, the Sensex regained the psychological 36,000 after sliding below that level in intraday trade. The Sensex fell 119.51 points or 0.33% to settle at 36,034.11.

The market ended on a mixed note on Thursday as key benchmarks settled with modest losses while mid- and small-cap indices finished with gains. The Sensex fell 157.89 points or 0.44 pc to settle at 35,876.22. On the last day of the week, the sensex ended with modest losses after a volatile session of trade as the BSE Sensex, fell 67.27 points at 35,808.95.