Sensex sheds 97 points to close at 36,227.14 as new October series begins subdued; posts fourth straight weekly loss

The Sensex lost 614.46 points, or 1.67 percent and the Nifty dropped 212.65 points, or 1.91 percent, this week

Press Trust of India September 28, 2018 17:02:10 IST
Sensex sheds 97 points to close at 36,227.14 as new October series begins subdued; posts fourth straight weekly loss

Mumbai: Falling for the third straight session, benchmark Sensex slipped over 97 points in see-saw trade on Friday to close at 36,227.14, led by losses in L&T and Yes Bank.

Besides, caution prevailed ahead of RBI policy meeting next week, brokers said.

Sensex sheds 97 points to close at 3622714 as new October series begins subdued posts fourth straight weekly loss

Representational image. Reuters.

Selling took hold at the start of October futures and options (F&O) series in the derivatives segment as investors were concerned over the surging crude oil prices and escalating trade tensions between the US and China, they added.

The 30-share Sensex closed lower by 97.03 points, or 0.27 percent, at 36,227.14 after shuttling between 36,551.86 and 35,985.63.

It had lost 327.89 points in the previous two sessions.

Also, the NSE Nifty shed 47.10 points, or 0.43 percent, to finish at 10,930.45. During the session, it moved between 11,034.10 and 10,850.30.

Both the indices recorded their fourth straight weekly fall. The Sensex lost 614.46 points, or 1.67 percent and the Nifty dropped 212.65 points, or 1.91 percent, this week.

Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs 186.69 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 552.44 crore Thursday, according to provisional data.

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