The market slipped for fifth straight session on Friday with all sectoral indices on the country’s premier bourse, Bombay Stock Exchange (BSE) reeling in the red.

In the wake of Thursday’s late selling, BSE’s flagship index Sensex opened with a negative gap of 121 points at 19,580 and after exhibiting weakness in morning trades, touched a high of 19,716 only to slip to lower levels.  

Market capitalisation
Thereafter, relentless selling in the last one hour of trades saw the popular index tumble to a low of 18,930, which is a fall of 786 points from the day’s high before finally closing the day with a hefty loss of 687.12 points at 19,013.70, which works out to percentage wise loss of 3.49 per cent. With this meltdown Sensex accounts for a total of 1,813 points and percentage wise at 8.7 per cent.

Specific to 5th trading session during the day (Friday), Reliance Industries (RIL), ICICI Bank and DLF led the decline. The market capitalisation of RIL fell 6.57 per cent to Rs 2799.50. BSE oil & gas and realty indices were the worst hit in today's fall. Small-caps and mid-cap stocks sank.

The broader CNX S&P Nifty at the National Stock Exchange declined  207.90 points or 3.52 per cent to 5705.30.  With this, Nifty during this week has accounted for a loss of 7.98 per cent. 

“The bulls will have to wait for some more time as concerns about US economy have increased. Most global markets have seen profit booking on risk aversion on increased uncertainty," said Asit C Mehta Investment Interrmediates in a note to clients.

 Market breadth was weak at both BSE and NSE.  While market breadth on BSE showed 1581 shares decline against 1032 advances, on National Stock Exchange it was 791 declines against 395 advances.