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HomeBusinessSensex Falls 190 Points, Nifty Ends Below 17000

Sensex Falls 190 Points, Nifty Ends Below 17000

Indian stock markets ended lower after a three-session rally on Friday.

The benchmark Sensex fell 190.97 points, or 0.33%, to close the day at 57,124.31, and the Nifty shed 74.55 points to end at 16,998.05.

HCL Technologies, Tech Mahindra, SBI Life, Asian Paints, and Wipro were the top gainers on Nifty, while Grasim, NTPC, Eicher Motors, ONCG, M&M fell the most.

IT index ended higher, while auto, FMCG and PSU Bank index ended in the red.

On Sensex, only eight of the 30 stocks ended in the green as banking stocks dragged the indices down.

Crude oil prices on Friday fell by ₹7 to ₹5,529 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for January delivery dropped by ₹7, or 0.13 per cent, to ₹5,529 per barrel with a business volume of 7,409 lots.

Analysts said the fall in crude oil futures was due to the trimming of positions by traders amid a weak spot demand. However, globally, West Texas Intermediate crude oil was trading 1.42 per cent higher at USD 73.79 per barrel. Meanwhile, Brent crude, the international benchmark, was quoting 1.01 per cent lower to trade at USD 76.07 per barrel in New York.

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