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Sensex drops 162 points at 38,700, Nifty also ends after dropping by 61 points

The BSE Gauge Sensex Was Trading Above Crucial 39,000-level And The NSE Nifty Was Heading Towards 11,700-mark In Early Trade On Monday And Ended 161.70 Points At 38,700.53

News Nation Bureau | Edited By : Assem Sharma | Updated on: 08 Apr 2019, 04:29:51 PM
Sensex drops 162 points at 38,700 (file photo)

New Delhi :

The BSE gauge Sensex was trading above crucial 39,000-level and the NSE Nifty was heading towards 11,700-mark in early trade on Monday and ended 161.70 points at 38,700.53 while the broader NSE Nifty also ended on a negative note and settled at 11,604.50 by 61.45 points.

Meanwhile, the Indian rupee was trading lower by 27 paise at 69.50 against the US dollar in early trade on Monday.

Asian markets opened mostly higher on Monday on the back of better-than-expected US jobs data and signs of progress in trade talks between Washington and Beijing.

On Friday, the BSE Sensex had logged 177.51 points or 0.49 per cent gains to close at 38,862.23; while the broader NSE Nifty rose 67.95 points, or 0.59 per cent, to 11,665.95.

The BSE gauge Sensex ended lower by 161.70 points at 38,700.53, while the NSE Nifty lost 61.45 points to settle the day at 11,604.50.

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Losses mainly in financial, metal and energy stocks dragged the Sensex into the red. Oil stocks came under pressure due to constant rise in global crude oil prices. International benchmark Brent was trading at 70.81 per barrel, up 0.67 per cent.

Among the Sensex constituents, Yes Bank emerged as the biggest laggard with 2.66 per cent drop in share price. Other top losers were Bajaj Finance, Vedanta, Tata Motors, Reliance Industries and SBI—dropping as much as 2.57 per cent.

On the other hand, Infosys, Mahindra and Mahindra, ONGC, TCS, PowerGrid and NTPC closed with significant gains on the Sensex chart.

During the week, the Sensex saw 182.32 points or 0.48 per cent rise; and the Nifty gained 42.05 points, or 0.36 per cent.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 797.90 crore Friday, as per provisional data.

(With inputs from PTI) 

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First Published : 08 Apr 2019, 04:12:44 PM