Sensex down 139 points,banks draghttps://indianexpress.com/article/news-archive/web/sensex-down-139-points-banks-drag/

Sensex down 139 points,banks drag

In lacklustre trading,the BSE benchmark Sensex on Friday lost nearly 140 points.

In lacklustre trading,the Bombay Stock Exchange on Friday lost nearly 140 points amid investors awaiting fresh cues from RBI’s quarterly credit policy review scheduled for Tuesday.

The barometer,which fell nearly 35 points in the previous day’s trading,fell further by 139.49 at 8,674.35 ahead of a long three-day weekend.

The key-index touched the day’s high of 8,858.84 and a low of 8,631.60 points. In the 30-BSE index,26 shares closed with losses while Reliance Industries,Tata Motors,Ranbaxy Lab and NTPC ended with gains.

In similar fashion,the broad-based National Stock Exchange index Nifty dipped to close below 2700 points level,almost seven-week low,by losing 35.25 points at 2,678.55.

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This level was last seen seen on December 3 last year.

The market will remain closed on Monday on account of Republic Day.

With rising concerns of recession and quarter-earnings,banking shares suffered the most by dropping 4.16 per cent to 4484.66. It was followed by metal index with a heavy loss of 3.35 per cent at 4427.00.