New Delhi: The equity index extended losses for the third day in a row on Friday with BSE Sensex benchmarks falling more than 650 points dragged by banking and stock.
The 30-share BSE index fell 678 points or 1.13 percent to close at 59,307.
While the wider NSE settled 186 points or 1.04 percent lower at 17,671.
Tech Mahindra is the biggest loser in the sensex package falling as much as 3.44 percent followed by NTPC, Indusind Bankm Bank Box, L & T and Reliance.
While Ultra Cemo, Dr.
Reddy’s, Maruti, Tata Steel and Titan are the main enhancer which rose to 2.61 percent.
On the NSE platform, the nifty sub-index, banks, private banks and financial services fell by 1.45 percent.
The IRCTC recovered a large portion of 30 percent after the train ministry reversed his decision to look for half of the income from service costs on online tickets.
Stock closed 7.45 percent lower at Rs 845.65 at BSE and 7.74 percent at Rs 842.8 on NSE.
Both indices fell more than 1 percent this week.
“Some brokers have emerged with rowing (in Indian equity) and foreign investors have consistently withdraw money from the market.
This might have worked on the minds of retail traders for some time,” Anand James, Head of Market Strategy in Financial Services Geojit told the Office Reuters news.
“A softer dollar, cooling the price of oil and easing of US Treasury results has provided a comfort for the market,” James said, adding a series of new derivations to see a number of purchases.
Meanwhile, foreign institutional investors have sold $ 1.17 billion in Indian equity this week on Thursday, refinitiv data shows.
(With input from the agency)