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

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.

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Updated Date: Jun 14, 2019 16:11:26 IST