Sensex ends 363 points down; Nifty closes below 10,800
Mumbai: Benchmark domestic stocks Sensex and Nifty on Wednesday closed with losses of around 1 per cent.
The fall came amid weak cues from other Asian markets, foreign fund outflow and more than 50 paise fall in the rupee.
The Sensex at the Bombay Stock Exchange ended 363 points down at 35,892.
The Nifty at National Stock Exchange also declined 118 points to settle at 10,793.
Metal stocks also declined with the Nifty Metal Index falling over 3% as global base metal prices fall amid disappointing Chinese growth data.
Shares of IT companies advanced today as the rupee fell over 1% to below 70 per dollar mark.
In global markets, world shares started 2019 on a downbeat note, with stocks plunging across Europe and Asia along with US equity futures after evidence of slowing Chinese growth dampened investor sentiment.