Markets fall for 6th day as bears tighten grip

Mumbai, June 17

Market benchmarks gave up intra-day gains to close in the red for the sixth session on the trot on Friday, capping a bruising week which saw a massive dash for safety amid rate hikes by global central banks and fears of slowing growth.

Investors were further hemmed in by unrelenting foreign fund outflows and rising crude oil prices.

Titan biggest loser

• Titan was the top loser, skidding 6.06%, followed by Wipro, Dr Reddy’s, Asian Paints, Sun Pharma, L&T, UltraTech Cement and PowerGrid
• On a weekly basis, the Sensex plunged 2,943.02 points or 5.42%, while the Nifty shed 908.30 points or 5.61%

After a see-saw session, the 30-share BSE Sensex declined 135.37 points to settle at an over one-year low of 51,360.42.

Similarly, the broader NSE Nifty lost 67.10 points to end at 15,293.50.

Titan emerged as the top laggard among the Sensex constituents, skidding 6.06%, followed by Wipro, Dr Reddy’s, Asian Paints, Sun Pharma, L&T, UltraTech Cement and PowerGrid.