Sensex tanks 448 pts on global sell-off, falling rupee

The rupee hit near six-month low against the dollar in day trade which dampened the sentiment further.

PTI
Mumbai, Publish Date: Sep 23 2017 12:00AM | Updated Date: Sep 23 2017 12:08AM
Sensex tanks 448 pts on global sell-off, falling rupeeFile Photo

Stocks ended the week on a distinctly bearish note after the Sensex tanked 447 points -- the biggest fall in over nine months -- and the Nifty ended below the 10,000 level on Friday as renewed geopolitical worries about North Korea rattled investors.

The rupee hit near six-month low against the dollar in day trade which dampened the sentiment further.

The rupee fell to 65.15 per dollar (intra-day), its weakest level since April 5, on speculation of widening fiscal deficit amid sustained foreign fund outflows.

The 30-share index stayed in the negative zone for the whole day and touched a low of 31,886.09 before settling at 31,92.44, down by 447.60 points, or 1.38 per cent -- its biggest single-day fall since November 15 last year.

This is the weakest closing since September 11 when it had closed at 31,882.16.

The broader Nifty also succumbed to selling pressure and cracked below the 10,0000-mark to hit a low of 9,952.80 before ending at 9,964.40, down 157.50 points, or 1.56 per cent.

On a weekly basis, the BSE Sensex dropped by 350.17 points, or 1.08 per cent, its biggest fall since August 11.