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Sensex falls by 72.95 pts during week
Economy

Sensex falls by 72.95 pts during week

Agency News

Mumbai, Apr 27 : The BSE Sensex slipped by 72.95 points to settle at 39,067.33 during the week ended on Friday, following sell off amid high volatility due to firm crude oil prices and expiry of April futures and options contracts.

The Nifty 50 index ended flat at 11,754.65. World equity markets slipped amid worries of global growth.

The BSE Mid-Cap index fell 318.58 points or 2.07 pc to settle at 15,063.99. The BSE Small-Cap index fell 207.82 points or 1.38 pc to settle at 14,813.38.

Key indices logged strong losses on Monday weighed by rise in crude oil prices. The barometer index, the S&P BSE Sensex, lost 495.10 points or 1.26 pc at 38,645.18. The Nifty 50 index lost 158.35 points or 1.35 pc at 11,594.45.
On Tuesday, it further lost by 80.30 points to 38,564.88 after a volatile trading session. The Nifty 50 index fell 18.50 points or 0.16 pc at 11,575.95.
Erasing heavy losses in last two sessions, the BSE Sensex spurted by 489.80 points to 39,054.68 on strength of gains in ONGC, IndusInd Bank, Yes Bank and Bharti Airtel on Wednesday.

Very next day, the BSE Sensex tumbled down by 323.82 points to 38,730.86, after Brent crude oil on Thursday rose above USD 75 per barrel for the first time in 2019. Higher crude oil prices could increase fiscal deficit, current account deficit and stoke fuel price inflation.
On Friday, it again bounced back by 336.47 points to 39,067.33 after crude oil price receded in the global commodity market.
The Nifty 50 index gained 112.85 points or 0.97 pc at 11,754.65. The Sensex regained the psychological 39K level. UNI