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Indian markets bleed on Friday: BSE Sensex plummets over 680 points

Indian markets bleed on Friday: BSE Sensex plummets over 680 points

| | 11 Nov 2016, 04:43 pm
Mumbai, Nov 11 (IBNS): The Indian markets crashed on Friday largely owing to profit booking, weak Asian cues and concerns over spike in interest rates in the US, according to media reports.

On Friday, the BSE Sensex was down 698.86 points or 2.5 percent at 26818.82 while NSE Nifty was down 229.45 points or 2.7 percent at 8296.30 .

Forty-nine of the 50 Nifty stocks were in the red.

All sectoral indices were in deep trouble on Friday

Mid-cap indices fell over three per cent.

Bank Nifty fell over two per cent while Realty index was down four per cent.

Sun Pharma and HDFC Bank were key gainers on Friday while Asian Paints, Adani Ports, Hero MotoCorp, ICICI Bank and HDFC ended as losers.

Long queues were noted across the country as people crowded to banks and ATMs on Friday to change their demonetised currencies and to collect the new currency and smaller notes.

 


 

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