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Sensex slumps 289 points; bank stocks drag

MUMBAI: Extending its losses for the 3rd straight consultation, benchmark BSE sensex slumped 289 issues on Friday, dragged by way of banking stocks amid susceptible cues from world markets.

After cracking nearly 400 issues right through the day, the BSE gauge settled 289.29 issues, or 0.73 consistent with cent, decrease at 39,452.07. The index hit an intra-day low of 39,363.45 and a high of 39,799.90.

Similarly, the broader NSE Nifty tumbled 90.75 issues, or 0.76 consistent with cent, to close at 11,823.30. During the day, the index touched a low of 11,797.70 and a high of 11,911.85.

Top losers in the sensex pack incorporated IndusInd Bank, Bharti Airtel, Tata Motors, Axis Bank, Kotak Bank, Bajaj Auto, Yes Bank, HCL Tech, HUL and Hero MotoCorp, falling as much as four.36 consistent with cent.

Bucking the susceptible marketplace development, L&T, Sun Pharma, Vedanta, PowerGrid and TCS rose as much as 0.80 consistent with cent.

According to experts, domestic marketplace ended significantly decrease tracking susceptible cues from world markets amid persevered uncertainty over US-China trade talks and escalating tensions between the US and Iran after attacks on two oil tankers in the Gulf of Oman on Thursday.

After spiking over four consistent with cent over the last two days, Brent crude futures pared gains to trade 0.11 consistent with cent decrease at $61.24 consistent with barrel.

Elsewhere in Asia, whilst Tokyo stocks ended in the inexperienced, bourses in Shanghai, Hong Kong and Seoul closed decrease.

Exchanges in Europe have been also trading in the pink in early deals.

On the forex entrance, the Indian rupee depreciated 19 paise to 69.69 towards the US dollar intra-day.

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