Markets end in red; Sensex loses over 200 points, Nifty settles at 11,300

WION Web Team New Delhi, Delhi, India May 09, 2019, 03.56 PM(IST)

File photo of Bombay Stock Exchange (BSE) building in Mumbai. Photograph:( Reuters )

Story highlights

Experts attributed the drop to weak cues from global markets as US-China trade tiff continued to roil investor sentiment.

The domestic stock markets on Thursday ended in red with BSE Sensex tumbling 230.22 points to close at 37,558.91 and NSE Nifty dropping 57.65 points to close at 11,301.80. This marked the seventh consecutive fall for the domestic market session.

Earlier in the day, Sensex fell over 200 points and Nifty dropped below the 11,300 marks in the early trade Thursday. 

Experts attributed the drop to weak cues from global markets as US-China trade tiff continued to roil investor sentiment.

On Wednesday, Sensex plunged 487.50 points to end at 37,789.13. Nifty sank 138.45 points to settle at 11,359.45.

Meanwhile, the rupee depreciated by 18 paise to 69.89 against the US dollar in early trade today amid heavy sell-off in domestic equity market and foreign fund outflows.

The rupee opened weak at 69.70 at the interbank forex market and then fell further to 69.89, down 18 paise over its last close on Wednesday.

The domestic currency had settled at 69.71 against the US dollar yesterday.

(With inputs from PTI)