Sensex slumps 289 points amid weak cues from global markets; IndusInd Bank, Axis Bank, Yes Bank among top losers

After cracking nearly 400 points during the day, the BSE gauge settled 289.29 points, or 0.73 percent, lower at 39,452.07

Press Trust of India June 14, 2019 16:11:26 IST
Sensex slumps 289 points amid weak cues from global markets; IndusInd Bank, Axis Bank, Yes Bank among top losers
  • The broader NSE Nifty tumbled 90.75 points, or 0.76 percent, to close at 11,823.30

  • Bucking the weak market trend, L&T, Sun Pharma, Vedanta, PowerGrid and TCS rose up to 0.80 percent

  • After spiking over 4 percent over the past two days, Brent crude futures pared gains to trade 0.11 percent lower at $61.24 per barrel

Mumbai: Extending its losses for the third straight session, benchmark BSE Sensex slumped 289 points Friday, dragged by banking stocks amid weak cues from global markets.

After cracking nearly 400 points during the day, the BSE gauge settled 289.29 points, or 0.73 percent, lower at 39,452.07. The index hit an intra-day low of 39,363.45 and a high of 39,799.90.

Similarly, the broader NSE Nifty tumbled 90.75 points, or 0.76 percent, to close at 11,823.30. During the day, the index touched a low of 11,797.70 and a high of 11,911.85.

Sensex slumps 289 points amid weak cues from global markets IndusInd Bank Axis Bank Yes Bank among top losers

Representational image. Reuters.

Top losers in the Sensex pack included IndusInd Bank, Bharti Airtel, Tata Motors, Axis Bank, Kotak Bank, Bajaj Auto, Yes Bank, HCL Tech, HUL and Hero MotoCorp, falling up to 4.36 percent.

Bucking the weak market trend, L&T, Sun Pharma, Vedanta, PowerGrid and TCS rose up to 0.80 percent.

According to experts, domestic market ended significantly lower tracking weak cues from global markets amid continued uncertainty over US-China trade talks and escalating tensions between the US and Iran after attacks on two oil tankers in the Gulf of Oman on Thursday.

After spiking over 4 percent over the past two days, Brent crude futures pared gains to trade 0.11 percent lower at $61.24 per barrel.

Elsewhere in Asia, while Tokyo stocks ended in the green, bourses in Shanghai, Hong Kong and Seoul closed lower.

Exchanges in Europe were also trading in the red in early deals.

On the currency front, the Indian rupee depreciated 19 paise to 69.69 against the US dollar intra-day.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

BSE Odisha Class 10 Supplementary exam result 2020 declared, check at bseodisha.ac.in
India

BSE Odisha Class 10 Supplementary exam result 2020 declared, check at bseodisha.ac.in

Of the total 21,487 students who have appeared for Odisha board Class 10 supplementary exam 2020, as many as 15,244 have qualified

Yes Bank CEO Prashant Kumar says management aims to cut operational expenses by 20% in FY21
India

Yes Bank CEO Prashant Kumar says management aims to cut operational expenses by 20% in FY21

Kumar was asked to lead Yes Bank in March after alleged governance lapses under co-founder and chief executive Rana Kapoor