Market records steepest weekly declines in over two years
At close, Sensex ended near the 78,000 mark, shedding 1.5% from the previous session, while the Nifty fell below 23,600, also down 1.5%.
The key Indian equity indices provisionally closed deep in the red on Monday, as the S&P BSE Sensex lost more than 500 points and the NSE Nifty50 slipped by around 140 points amidst negative global cues on concerns over the US-China trade war escalating.
Sector-wise, heavy selling pressure was witnessed in banking, consumer durables and auto counters.
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At 3.30 pm, the wider NSE Nifty50 provisionally closed at 11,377.75 points, lower by 137.45 points or 1.19 per cent from the previous close of 11,515.20 points.
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The S&P BSE Sensex, which had opened at 38,027.81 points, provisionally closed at 37,585.51 points, lower by 505.13 points or 1.33 per cent from the previous close of 38,090.64 points.
It touched a high of 38,027.81 points and a low of 37,548.93 points during the day’s trade.
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