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Sensex down by 231.58 points in week ended August 16, 2019
Economy

Sensex down by 231.58 points in week ended August 16, 2019

Agency News

Mumbai, Aug 17 : The Benchmark Index of the Bombay Stock Exchange fell 231.58 points or 0.62 per cent to settle at 37,350.33 in truncated trading week under review on concerns over economic slowdown.

Weak earnings and global trade volatility also weighed on investor sentiment, brokers said.

Nifty too fell 61.85 points or 0.56 per cent to settle at 11,047.80.The BSE Mid-Cap fell 179.15 points or 1.31 per cent to settle at 13,490.9. The BSE Small-Cap fell 114.91 points or 0.90 per cent to settle at 12,584.59.

The markets were closed on Monday, August 12, 2019 on the account of Eid.
The domestic equity market slumped on Tuesday, August 13, 2019 dragged by auto, telecom and financial stocks. Concerns around protests in Hong Kong and an Argentine currency crash amid fears of global economic slowdown, sapped investors risk appetite. The Sensex crashed 623.75 points to settle at 36,958.16. The Nifty too slumped 183.80 points to settle at 10,925.85.

Domestic shares ended with strong gains on Wednesday, August 14, 2019 tracking firmness in other Asian markets after the US announced a delay in the implementation of tariffs on some Chinese goods The Sensex rose 353.37 points to settle at 37,311.53. Nifty too rose 103.55 points to settle at 11,029.40

The equity market were shut on Thursday, August 15, 2019, on account of Independence Day.

On Friday, August 16, 2019, the key equity benchmarks ended marginally higher, rising for the second straight day. Steep gains were capped amid worries about slowing economic growth and mixed cues from other Asian shares. BSE Sensex rose 38.80 points to 37,350.33 Nifty too 18.40 points to 11,047.80.(UNI)