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Nasdaq fall triggers sell-off in IT stocks
Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal stocks amid a bearish global trend.
Mumbai: Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal stocks amid a bearish global trend. Besides, fresh foreign fund outflows also hit investor sentiments, traders said.
In a volatile trade, the 30-share BSE Sensex declined 202.36 points or 0.31 per cent to settle at 64,948.66.
During the day, it fell by 396.3 points or 0.60 per cent to 64,754.72. The NSE Nifty dipped 55.10 points or 0.28 per cent to end at 19,310.15. On a weekly basis, the BSE gauge fell 373.99 points or 0.57 per cent, and the Nifty declined 118.15 points or 0.60 per cent.
“It turned out to be a roller coaster ride on Friday as Nifty oscillated on both sides and ended lower.
