Sensex ends at over one-month low in first fall in six weeks
11 Aug 2017 5:30 PM GMT
Gripped by fear psychosis due to geo-political aftershocks, key stock market indices were on a sticky wicket for the fifth day on Friday as both Sensex and Nifty fell over 1 per cent to hit their one-month lows.
The sharp plunge left investors poorer by over Rs 95,000 crore as the market cap stood at Rs 1,27,08,846 crore.
Risk appetite took a hit after the Economic Survey said achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult. This is markets' first weekly fall in six. The BSE 30-share Sensex remained in the negative zone and settled down 317.74 points, or 1.01 per cent, at 31,213.59, its weakest closing since July 4.
The index had tumbled 794.08 points in the last four sessions. The NSE Nifty after cracking the 9,700-mark to hit a low of 9,685.55, finally settled lower 109.45 points, or 1.11 per cent, at 9,710.80, a level last seen on July 7. For the week, the Sensex and Nifty both recorded first fall in six weeks, by plunging 1,111.82 points, or 3.43 per cent, and 355.60 points, or 3.53 per cent, respectively.
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