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Sensex falls for a fourth straight day as rupee, oil prices weigh

In the past four trading sessions, foreign portfolio investors (FPIs) have pulled out nearly Rs 20 billion from the domestic market

Samie Modak  |  Mumbai 

The benchmark indices fell for a fourth straight day on Friday, on concerns over high oil prices and weakness in the rupee. The Sensex declined 0.86 per cent, or 301 points to 34,848.3, while the Nifty declined 86.3 points, or 0.81 per cent to 10,596.4.

Both the indices ended the week with a decline of nearly two per cent — the most in two months. The weakness in the market comes amid Brent crude oil prices climbing to $80 a barrel and the rupee declining to 68 against the dollar. Banking stocks led the fall on Friday as investors feared the macro headwind could prompt the ...

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First Published: Sat, May 19 2018. 00:31 IST
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