Sensex slumps by 521.05 point in week ended December 7

Sensex slumps by 521.05 point in week ended December 7

Agency News

Mumbai, Dec 8 : The benchmark index of Bombay Stock Exchange (BSE) slumped by 521.05 points or 1.44 per cent to settle at 35,673.25 mirroring weakness in global stocks.

In week under review, investors turned cautious in the run-up to the announcement of five state elections' results next week. Selling was also triggered due to profit selling after steep gains in the previous week.

The Nifty too fell by 183.05 points or 1.68 per cent to settle at 10,693.70.

The BSE Mid-Cap fell 321.86 points or 2.14 per cent to settle at 14,717.49. The BSE Small-Cap fell 322.51 points or 2.24 per cent to settle at 14,104.65.

Trading for the week began on a strong note. Key equity benchmarks extended gains for sixth straight trading session on Monday, December 3, 2018. The Sensex rose 46.70 points to settle at 36,241. The Nifty rose 7 points to settle at 10,883.75.

Key equities indices snapped six-day rising streak to end with modest losses on Tuesday, December 4, 2018, due to profit selling. The Sensex fell 106.69 points to settle at 36,134.31. Nifty to fell 14.25 points to settle at 10,869.50.

The market ended the volatile trading session with modest losses on Wednesday, December 5, 2018. Global stocks dropped as resurgent trade worries worsened investor fears about global economic growth.

Volatility rose in late trade after the Reserve Bank of India (RBI) announced monetary policy. The Sensex fell 249.90 points to settle at 35,884.41. Nifty too fell 86.60 points to settle at 10,782.90.

Key domestic indices slumped on Thursday, December 6, 2018, mirroring weakness in global stocks. Sensex fell 572.28 points or 1.59 per cent to settle at 35,312.13. Nifty too fell 181.75 points or to settle at 10,601.15.Equities logged strong gains on Friday, December 7, 2018, as bargain hunting emerged after three-day slide.

BSE Sensex gained 361.12 points to settle at 35,673.25. Nifty also gained 92.55 points to settle at 10,693.70. (UNI)