Stocks

Sensex Plunges 690 Points On Global Cues; Nifty Nears 10,750

(RTTNews.com) - Weak global cues sent local stocks tumbling on Friday, with major indexes falling around 2 percent amid across-the-board selling after recent sharp gains.

The benchmark BSE Sensex fell 689.60 points or 1.89 percent to 35,742.07 while the broader Nifty index ended down 197.70 points or 1.81 percent at 10,754.

Bharti Airtel, Titan, Wipro, Infosys, Indiabulls Housing Finance, Maruti Suzuki, Zee Entertainment Enterprises, Adani Ports, UPL and IOC fell 3-5 percent in the Nifty pack.

Investor sentiment was dented due to weak global cues, as a U.S. government shutdown loomed and investors fretted about additional U.S. interest rate hikes in 2019.

Trade tensions also resurfaced after the U.S. Justice Department announced the criminal indictment of two computer hackers associated with the Chinese government.

Read the original article on RTTNews (http://www.rttnews.com/2964924/sensex-plunges-690-points-on-global-cues-nifty-nears-10750.aspx)

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