Moneycontrol
Last Updated : Dec 22, 2018 03:54 PM IST | Source: Moneycontrol.com

An evening walk down Dalal Street | Black Friday on D-Street, Sensex plunges nearly 700 pts; Nifty around 10,750

At the close of market hours, the Sensex was down 689.60 points or 1.89% at 35742.07, while the Nifty was down 197.70 points or 1.81% at 10754.00.

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Fears of a global slowdown spooked investors across the globe, including India on Friday. Benchmark indices closed at low points of the day, courtesy of intense selling through the day.

Global markets took a beating amid fears of a slowdown in developed economies such as US and China. Weak handover from Wall Street spilled over to Asian and Indian markets as well.

Apart from global cues, index heavyweights were under pressure, which dragged the indices lower too.

Bank Nifty, too, saw a lot of weakness, ending around 400 points lower.

At the close of market hours, the Sensex was down 689.60 points or 1.89% at 35742.07, while the Nifty was down 197.70 points or 1.81% at 10754.00. The market breadth was negative as 892 shares advanced, against a decline of 1680 shares, while 142 shares were unchanged.

NTPC, Coal India, HPCL and BPCL were the top gainers, while Wipro, Adani Ports, IOC and UPL lost the most.

Stocks in the news

Share price of Indian Hume Pipe Company added 3 percent after company received a work order worth Rs 502 crore.

Shares of New Delhi Television (NDTV) locked at 10 percent upper circuit after company signed a 5-year deal with Taboola.

Voltas shares declined 1 percent after Motilal Oswal cut its earnings estimates for current as well as next financial year.

Global Markets

Stocks in Asia were broadly lower on the back of weak handover from Wall Street. The Nikkei 225 fell 1.11 percent on the day as it closed at 20,166.19, while the Topix index declined by 1.91 percent to finish its trading week at 1,488.19. The benchmark Nikkei 225 dropped more than 2.5 percent in the previous trading session.

Meanwhile, European stocks lower in continuation of weak handover from Wall Street and Asian indices. Stoxx 600 was down around 0.3 percent.
First Published on Dec 21, 2018 04:44 pm
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