Sensex, Nifty extend losses into 3rd session on surging crude prices, FII outflows
4 days, 19 hours ago

Sensex, Nifty extend losses into 3rd session on surging crude prices, FII outflows

The Hindu  

Equity benchmark indices Sensex and Nifty nursed losses for the third consecutive session on Friday, in lockstep with a weak trend in global equities as concerns over economic growth and a slowdown in quarterly earnings sapped investors’ risk appetite. Surging crude oil prices and a strengthening dollar index also contributed to the weak trend in equities. “Domestic market sentiment remained subdued due to rising crude oil prices, driven by supply concerns, and a strengthening dollar index. “Consolidation may persist in the near term, yet investors are closely watching the U.S. non-farm payroll data today for further guidance,” Vinod Nair, Head of Research, Geojit Financial Services, said.

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