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Stock market Shares fell for the third day in a row, with the Sensex falling 1,020 points NewsPipa

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Mumbai: Amid a soft trend in global markets, the domestic stock market recorded its third consecutive heavy fall on Friday and the BSE Sensex closed with a fall of over 1,000 points. The 30-share Sensex closed down 1,020.80 points, or 1.73 percent, at 58,098.92 points. It had dropped to 1,137.77 points at one stage of the trade.

Similarly, the National Stock Exchange’s Nifty also closed down 302.45 points or 1.72 percent at 17,327.35. Among the Sensex stocks, PowerGrid was the biggest gainer at 7.93 percent. Mahindra & Mahindra, State Bank of India, Bajaj Finserv, Bajaj Finance, NTPC, HDFC and IndusInd Bank were also big losers.

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On the other hand, only Sun Pharma, Tata Steel and ITC closed with gains. Elsewhere in Asia, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng all ended with losses. European stock markets were trading lower in early trade.

US markets fell on Thursday. Meanwhile, international oil benchmark Brent crude fell 1.87 percent to $88.77 a barrel. Foreign institutional investors sold shares worth Rs 2,509.55 crore on Thursday, according to BSE data. (organization)

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