New Delhi, June 10 (SocialNews.XYZ) Domestic equity benchmark indices declined further as the session progressed and settled sharply lower on Friday, triggered by strong sell-off in global equities.
With Friday's slump, the indices have declined for the five out of the past six sessions.
Sensex closed at 54,303 points, down 1,017 points, or 1.84 per cent, whereas Nifty, at 16,202 points, was down 276 points, or 1.68 per cent.
Besides, the Indian rupee touched a new low of Rs 77.87 per US dollar on Friday, after a prolonged phase of consolidation as inflationary risks have started souring.
"The US Fed's meeting on June 14-15 will be the next big event affecting the (market) sentiments," said Deepak Jasani, Head of Retail Research at HDFC Securities.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz