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Closing bell: Sensex, Nifty close down 1% as IndusInd Bank drags

The Sensex and Nifty saw sharp declines at Friday’s closing bell, shedding nearly 1 percent due to steep losses in IndusInd Bank, muted earnings, and sustained foreign fund outflows.

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Shutterstock / File Pic

Shutterstock / File Pic

The BSE Sensex declined for a fifth consecutive session on Friday, tumbling by nearly 660 points to drop below the 80,000 level, driven by extensive selling pressure, significant foreign capital outflows, and muted earnings growth. According to PTI, the Sensex fell 662.87 points, or 0.83 per cent, closing at 79,402.29. During the day, it reached an intraday low of 79,137.98, reflecting a deeper plunge of 927.18 points, or 1.15 per cent.

 

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