The benchmark index of Bombay Stock Exchange (BSE) slipped by 131.14 points or 0.39 pc to 33,176 on the week ended on Friday amid renewed concerns of global trade war and policy uncertainties of Trump administration in US.
The Nifty of National Stock Exchange (NSE) declined by 31.70 points or 0.31 pc at 10,195.15. The Mid cap fell by 1.07 pc and Small cap too dropped by 1 pc.
BJP's poor performance in UP's by-election also dampened the sentiments. The Telugu Desam Party (TDP), erstwhile ally of ruling NDA at the Centre, has pulled out of NDA and moved a no-confidence motion against the government protesting the injustice meted out to Andhra Pradesh (AP) in the wake of Centre's reluctance to grant a Special Category Status to AP.
Most Asian stocks fell as reports of more chaos in the Trump administration tested investors' nerves, already frayed by fears that US tariffs could hurt the global economy and trigger a trade war.
The week started on strong note, as the Sensex jumped by 610.80 points or 1.83 pc at 33,917.94, its highest closing level since March 1, 2018 on upbeat global stocks.
From Tuesday, it remained under pressure till the end of the week. In four straight sessions, the sensex crashed by 741 points, on weak global cues.
On Tuesday, it fell 61.16 points and on Wednesday, it further dropped by 21.04 pts to 33,835.74.
On Thursday it registered modest losses in a volatile session of trade as the sensex tumbled down by 150.20 points at 33,685.54, its lowest closing level since March 9, 2018.
On Friday, the Sensex slumped by 509.54 points or 1.51 pc to settle at 33,176, lowest closing level since March 1, in a broad-based sell-off on renewed global trade war fears. (UNI)
