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Markets Live To Fall Another Day; Sensex Cracks 350 Points
The Sensex fell once again in trade on Friday, despite better than expected global cues, thanks to a falling rupee, which hit the 72 mark for the first time in 2019.
In two trading sessions on Thursday and Friday, the Sensex has cracked a staggering 1,000 points, with Friday seeing cuts of nearly 350 points. The Sensex was last seen trading near the 36,120 points, a crask of nearly 350 points over Thursday's close.
Investors dumped stocks, following fading hopes of a fresh stimulus package from the government. The only stock that was seeing gains in trade today was Yes Bank, which was up a staggering 5 per cent in trade, despite the dismal market conditions.
Several stocks plunged to their 52-week lows including the likes of L&T Finance Holdings, Vedanta etc. Bajaj Finance, ICICI Bank, IndusInd Bank and Maruti were the top losers in trade.
Meanwhile, Asian markets were trading flat to negative. The rupee plunged to a new 2019 low of Rs 72.03 against the US dollar.
