Sensex plunges 690 pts; Nifty cracks below 10,800
December 21, 2018  17:21
Benchmark equity indices witnessed heavy selloff Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets.


The BSE Sensex plunged 689.60 points, or 1.89 per cent, to 35,742.07, while the NSE Nifty slipped 197.70 points, or 1.81 per cent, to 10,754. The 30-share index ended the week 527.93 points lower, and the broader Nifty lost 134 points.


The equity market witnessed selling ahead of the weekend, mainly due to fears of lower global economic growth in the coming year, said Joseph Thomas, Head Research- Emkay Wealth Management.


Concerns over the rupee also loomed over IT and tech stocks, analysts said. The biggest losers of the session include Reliance, Infosys, TCS, ICICI Bank, HDFC twins, ITC, Maruti, L&T, HUL, Axis Bank, Wipro and IndusInd Bank, cracking up to 4 per cent. -- PTI
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