Sensex tanks 188 pts to end below 35k-mark

The BSE Sensex fell down to over 188 points on Friday to close at a one-week low of 34,915.38, extending its downfall for the second straight session due to selling in auto, metal, healthcare and FMCG stocks.

The constant foreign fund outflows, disappointing earnings and a frail rupee added to the gloom.

Global cues too were weak as investors eyed the outcome of US-China trade talks as well as the US jobs report.

The BSE 30-share barometer opened higher at 35,144.96 and clocked 35,206.55 in the morning trade on value buying in the recently beaten stocks.        
However, it came down to a low of 34,847.61 due to across-the-board profit booking at every rise.       

It finally finished at 34,915.38, down to 187.76 points or 0.53 per cent. This is the weakest closing since it had settled at 34,713.60 in April 26.

The gauge lost 73.28 points in the previous session.

The NSE Nifty too fell by 61.40 points or 0.57 per cent to end at 10,618.25. It travelled between 10,700.45 and 10,601.60 during the session.

On a weekly basis, the Sensex recorded its first drop in six weeks, losing 54.32 points, or 0.16 per cent, while the Nifty lost 74.05 points, or 0.69 per cent.

Meanwhile, foreign institutional investors (FIIs) net sold shares worth Rs 148.42 crore and domestic institutional investors (DIIs) sold shares amounting to Rs 578.92 crore in Thursday’s trade, as per provisional data.