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Markets prolong losses for fifth straight session, Sensex tanks 1,145 factors; Nifty drops beneath 14,700


New Delhi: Markets prolonged losses for the fifth straight session on Monday with each fairness indices falling over 2 % amid unfavorable cues from international markets.

The 30-share BSE index ended 1,145.44 factors or 2.25 per cent decrease at 49,744.32. The broader NSE Nifty sank 306.05 factors or 2.04 per cent to complete at 14,675.70.

Main losers within the Sensex pack had been DrReddy’s, M&M, Tech Mahindra, IndusInd Financial institution, Axis Financial institution, TCS, LT, RIL, Maruti, HCL Tech, Powergrid and HDFC, falling upto 4.77 %. However main gainers had been ONGC, HDFC, and Kotak Financial institution, rising upto 1.14 %.

Within the earlier session, Sensex ended 434.93 factors or 0.85 per cent decrease at 50,889.76, and Nifty gave up the 15,000 degree, dropping 137.20 factors or 0.91 per cent to 14,981.75.

The rupee gained 16 paise to settle at 72.49 (provisional) in opposition to the US greenback. On the interbank foreign exchange market, the native unit opened at 72.58 in opposition to the buck and witnessed an intra-day excessive of 72.29 and a low of 72.58.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul ended on a unfavorable word, whereas Tokyo traded with beneficial properties.

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Inventory exchanges in Europe had been additionally buying and selling within the crimson in mid-session offers. In the meantime, the worldwide oil benchmark Brent crude was buying and selling 0.66 per cent larger at USD 62.55 per barrel.

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