Earnings drag Sensex 318 pts; Nifty holds 9700, weekly loss at 3.5%; Midcap outperforms
Fri Aug 11 2017
Rajesh Sharma (1241 articles)
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Earnings drag Sensex 318 pts; Nifty holds 9700, weekly loss at 3.5%; Midcap outperforms

The market fell sharply for fifth consecutive session Friday, with the Sensex shedding more than 300 points and taking the total weekly loss to more than 1,100 points on geopolitical tensions and disappointing earnings.

The 30-share BSE Sensex plunged 317.74 points or 1.01 percent to 31,213.59 and the 50-share NSE Nifty fell 109.45 points or 1.11 percent to 9,710.80.

However, the broader markets outperformed benchmarks after losing more than 5 percent in last few sessions. The BSE Midcap index was down 0.2 percent and the Smallcap ended flat as market breadth improved in afternoon.

Advance:decline ratio remained in favour of declines at 1:2 but was better than 1:8 in morning.
More to come….


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Tags India, Nifty, Sensex
Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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