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Sensex falls nearly 700 points amid weakening global markets

All the 19 sectors on BSE ended in red led by heavy selling in finance and banking stocks.

Agencies Agencies
Mumbai Updated on: December 21, 2018 19:48 IST
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Image Source : AP

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Benchmark equity indices witnessed heavy selloff on Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets.

The BSE Sensex plunged 689.60 points, or 1.89 per cent, to 35,742.07, while the NSE Nifty slipped 197.70 points, or 1.81 per cent, to 10,754.

"Indian markets are catching up with the fall in the Asian markets. Investors have seen that crude oil prices have stopped falling...so now markets are reacting to the Fed decision and worries regarding the global growth," said Deepak Jasani, HDFC Securities' Retail Research Head.

Sensex had closed just 50 points lower on Wednesday despite weakness in global markets, ending gains registered over seven straight sessions. 

All the 19 sectors on BSE ended in red led by heavy selling in finance and banking stocks.

The Indian rupee lost over 50 paise against the US dollar on Friday as it traded at Rs 70.23 from its previous close of 69.70. The decline in the rupee came after it made significant appreciation in the past few sessions.

Except for the power and energy stocks -- NTPC, Power Grid, and Coal India -- all the stocks on Sensex ended lower.

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