Benchmark indices faced severe drubbing on Friday, with the Sensex and Nifty falling nearly 2 per cent each amid feeble global market trends.<\/p>\n
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Photograph: Shailesh Andrade\/Reuters<\/span><\/p>\n Foreign fund outflows and fears of recession in the global economy have dented investor sentiments.<\/p>\n Falling for the third day in a row, the 30-share BSE Sensex tanked 1,093.22 points or 1.82 per cent to settle at 58,840.79.<\/p>\n \u00a0<\/p>\n During the day, it tumbled 1,246.84 points or 2 per cent to 58,687.17.<\/p>\n The NSE Nifty declined 346.55 points or 1.94 per cent to close at 17,530.85.<\/p>\n From the Sensex pack, Tech Mahindra and UltraTech Cement fell over 4 per cent each, emerging as the major laggards.<\/p>\n Among others to settle in the negative territory were Infosys, Mahindra & Mahindra, Wipro, TCS, Nestle and Reliance Industries.<\/p>\n IndusInd Bank emerged as the only gainer.<\/p>\n Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended lower.<\/p>\n Meanwhile, the international oil benchmark Brent crude climbed 0.32 per cent to $91.13 per barrel.<\/p>\n Foreign institutional investors offloaded shares worth a net Rs 1,270.68 crore in the domestic market on Thursday, according to data available with the BSE.<\/p>\n<\/div>\n[ad_2]\n<\/p>\n News From This Website <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<\/p>\n