Investors moved into metals, energy, and real estate stocks amid a bearish trend in Asian and European markets on Friday, which resulted in the equity benchmarks Sensex and Nifty 50 ending nearly 1% lower for the second consecutive session.
According to traders, investor sentiment was also impacted by a fall in the rupee’s value against the US dollar and fresh outflows of foreign funds.
The 30-share BSE Sensex fell 398.18 points, or 0.69 percent, to 57,527.10 in volatile trading, with 24 constituents reporting losses. The broader NSE Nifty fell below the 17,000 mark by 131.85 points, or 0.77 percent. The index ended the day at 16,945-05
The BSE benchmark fell 462.8 points, or 0.79 percent, on a weekly basis, while the Nifty lost 155 points, or 0.90 percent.
Reliance Industries experienced intense selling and fell 1.96 percent for the second day in a row.
(This story has not been edited by Business Standard staff and was auto-generated from a syndicated feed.)
