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Thank God, it’s Friday! That’s what most market enthusiasts must be saying after this exasperating week. Stocks lost ground in choppy trading on Friday as traders struggled to find a method to the madness on D-Street.
Both Sensex and Nifty recovered from the day’s low but failed to settle above the flatline.
The 30-share pack lost 135.37 to close at 51,360.42. Its broader peer Nifty50 fell below the 15,300 mark. For the week, the Sensex fell around 5.19 per cent, whereas Nifty50 dropped 5.36 per cent, logging their worst week in nearly 2 years.
Domestic stocks eroded over Rs 14 lakh crore from investors’ kitty in six days of the market meltdown. The benchmark indices failed to settle in the green throughout the week as investors are worried about a potential economic slowdown and are avoiding major bets.
More to come..
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