Key benchmark indices, on Friday, closed in the red tumbling nearly one per cent in the last leg of the trade pulling the Nifty below 5,600 mark as worries over the US “fiscal cliff” and Europe’s long-running debt problems weighed on sentiments.
Apart from Eurozone debt worries, rupee trading above 55-level against dollar also impacted the sentiment. Domestic shares dropped for the sixth day in a row. The Sensex has declined 593.04 points or 3.13 per cent in the past six trading sessions from a recent high of 18,902.41 points on November 7, 2012.
The markets remained volatile for the major part of the day but with the European markets starting to trade in the red and selling pressure in rate sensitives intensifying in the noon deals, the markets shead its gains.
The popular Sensex at BSE was down 162 points or 0.88 per cent to 18,309.37, its lowest closing level from September 13, 2012. The index tumbled 204.61 points at the day’s low in late trade, while it rose 91.95 points at the day’s high in mid-afternoon trade.
Lowest closing level
The 50-unit S&P CNX Nifty at NSE was down 56.95 points or 1.01 per cent to 5,574.05 points, its lowest closing level since September 20, 2012. The index hit a low of 5,650.15 and a low of 5,559.80 in intraday trade.
From broader markets, BSE Mid-Cap index fell 0.89 per cent and BSE Small-Cap index declined 1.13 per cent. The market breadth was weak with as many as 1,738 shares on BSE declining and 1,112 shares rising and total of 113 shares remaining static. The turnover on BSE amounted to Rs 2,380 crore on Friday, lower than Rs 2,516 crore on Thursday.
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