The negative cues from the overseas markets made the Sensex open with a huge negative gap of 294 points at 14,128. Haunting selling, thereafter, saw the Index exhibit a negative trend through the day.

The Sensex dropped to a low of 13,760 at the fag end of the day – down 662 points from the previous close.

The index finally ended with a hefty loss of 620 points (4.3%) at 13,802.

In the process, the Index on Friday recorded its sixth straight weekly loss – down a whopping 3,633 points (20.8%) since May 16.

Sensex lost 5.2% and Nifty, 4.8% over the week. CNX Midcap index shed 8% and BSE Smallcap index, 6.2%. Sector-wise, BSE Bankex lost 10%, BSE Auto index – 8.7%, BSE Realty index – 9.5% and BSE capital goods index – 8.4%.

NSE Nifty, on Friday, closed 179 points down at 4,136.65.

The Question is – Will the sensex bounce back or will it sink further ? Probably It may, but this is a game of regrets. Lets Wait n Watch.

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Filed under: Off-Beat News