Friday, August 23 2019
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Market Update: Sensex Plunges 140 Points, Nifty Below 11,880 Mark

The equity benchmark indices started in red on Friday’s trading session amid weakness in Asian peers.

In the morning, the S&P BSE Sensex plunged as much as 158.1 points to 39,583.26, and the NSE Nifty 50 fell as much as 55.9 points to 11,858.15.

At 10:38 am, the 30-share Sensex traded 141.47 points or 0.36% lower, at 39,599.89, and the 50-scrip Nifty was down 35.95 points or 0.30% at 11,878.10.

The top losers on the Sensex pack were Bharti Airtel, Kotak bnak, Bajaj Auto, IndusInd Bank and Yes bank, trading between 0.89% and 2.73% lower.

Losing between 1.22% and 3.56%, Indiabulls Housing Finance, Yes Bank, Dr Reddy’s Laboratories, Bajaj Auto, Zee Entertainment, IndusInd Bank, and Kotak Bank were the top laggards on the Nifty index.

The government is to release wholesale inflation data for the month of May later in the day.

Official data released earlier this week showed that consumer inflation increased to a seven-month high of 3.05% in May.

In the global markets, the MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2% and Shanghai Composite Index edged down 0.1%, Japan’s Nikkei added 0.25% and Australian stocks climbed 0.1%.

Meanwhile, the Sensex fell 15 points or 0.04%, to close at 39,741, while the broader Nifty gained 8 points or 0.07% to shut shop at 11,914.

(Harleen Sandhu)

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