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8:50 pm - Saturday December 2, 2017

Sensex tumbles by 846.30 points on fiscal deficit woes

Mumbai,

The BenchMark Index of the Bombay stock Exchange fell 846.30 points, or 2.51 percent to settle below the psychologically 33,000-mark at 32,832.94 in the week under review as India’s positive GDP numbers for the second quarter failed to offset growing fiscal deficit concerns.

NSE Nifty also fell 267.90 points, or 2.58 percent to settle at 10,121.80.The Sensex and the Nifty declined in four out of five trading sessions last week.The BSE Mid-Cap index fell 177.05 points to settle at 16,757.27. The BSE Small-Cap index fell 7.07 points to settle at 18,017.48. Trading for the week began on a dull note.

Key benchmark indices logged small gains on Monday, November 27, 2017, after languishing in negative zone for most part of the trading session. BSE Sensex, rose 45.20 points to settle at 33,724.44. The Nifty 50 index rose 9.85 points to settle at 10,399.55.

Key benchmark indices corrected on Tuesday, November 28,2017, on profit booking after rising in the previous eight trading sessions. BSE Sensex, fell 105.85 points to settle at 33,618.59. The Nifty fell 29.30 points to settle at 10,370.25.

Key equity benchmarks settled a tad lower after a range bound trading session on Wednesday, November 29, 2017. BSE Sensex, fell 15.83 points to settle at 33,602.76.Nifty fell 8.95 points or to settle at 10,361.30.

Key benchmark indices witnessed sell-off in volatile trade on Thursday, November 30, 2017, as investors were cautious ahead of release of GDP figures and infrastructure output and OPEC meeting. The barometer index, BSE Sensex, fell 453.41 points to settle at 33,149.35. The Nifty fell 134.75 points to settle at 10,226.55.

Key benchmark indices tumbled on Friday, December 1, 2017, as India’s gross domestic product (GDP) data, mostly in line with expectations, failed to lift sentiment after fiscal deficit reached 96 percent of the budgeted target for the fiscal year ending in March 2018.BSE Sensex tumbled 316.41 points to settle at 32,832.94.The Nifty 50 index declined 104.75 points to settle at 10,121.80.

Posted in: Business

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