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Closing Bell: Sensex Ends Below 39,000, Nifty Declines to 11,700

Indian equity benchmark S&P BSE Sensex ended lower for the fourth consecutive trading session, clocking its worth four-day fall since last week Thursday, 13 May.

The 31-stock index closed 491 points or 1.25 percent lower at 38,960.79. The NSE Nifty 50 Index fell for the second consecutive trading session to settle below 11,700, BloombergQuint reported.

Benchmark indices BSE Sensex and Nifty opened lower on Monday, 17 June.

The S&P BSE Sensex fell as much as 0.24 percent to 39,335.86 and the NSE Nifty 50 fell as much as 0.24 percent to 11,794.60. The broader market index represented by the NSE Nifty 500 Index also fell as much as 0.24 percent. The market breadth was tilted in favour of sellers.

Top losers in the Sensex pack in early trade included Vedanta, Tata Steel, RIL, Coal India, Axis Bank, Hero MotoCorp, Tata Motors and Kotak Bank, shedding up to 2 percent.

On the other hand, Yes Bank, Infosys, PowerGrid, NTPC and TCS rose up to 1 percent.

Also Read: Sensex Closes Nearly 300 Points Down, Nifty Slips Below 11,850

On the currency front, the Indian rupee depreciated 6 paise to 69.86 against the US dollar. The global oil benchmark Brent crude futures were trading 0.31 percent higher at 62.20 per barrel.

In the previous session on Friday, the BSE gauge settled 289.29 points, or 0.73 percent, lower at 39,452.07, and the broader NSE Nifty tumbled 90.75 points, or 0.76 percent, to close at 11,823.30.

(With inputs from PTI and BloombergQuint.)

Also Read: Closing Bell: Sensex, Nifty End Mixed After Volatile Trade Session

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