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Sensex falls for 3rd day, trade deficit stokes fears

Press Trust of India  |  Mumbai 

The plunged 181 points to end at an over three-week low on concerns over trade deficit that widened to an almost 3-year high.

Disappointing quarterly earnings by some blue-chip companies made investors disheartened.

The opened higher at 32,944.94, but soon turned negative before settling at 32,760.44, down 181.43 points, or 0.55 per cent. The gauge had lost 372.69 points in the previous two sessions.

The too fell sharply by 68.55 points, or 0.67 per cent, to settle at 10,118.05. Intra-day, it hovered in the range of 10,175.45 and 10,094.

Traders said sentiment suffered a jolt as the country's entered negative terrain after over an year, contracting 1.12 per cent in October.

Trade deficit widened to almost a 3-year high of USD 14 billion last month as surged.

A weak trend at other Asian markets and a lower opening in Europe, spooked by sliding prices and doubts over US reforms, made mood gloomy.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 15 2017. 15:57 IST