Sensex down 190 points, financials in red
Mumbai: The key equity indices extended their losses during the late afternoon session of the trade on Friday following strong selling in financial sector stocks.
Caution ahead of the key micro-economic data and selling in key sector stocks dragged the major indices, the most being the realty sector stocks.
Realty sector stocks traded over 1 per cent lower after Finance Minister Arun Jaitley said at Thursday’s GST Council Meeting that owing to diverse opinions, a decision on the much-expected rate reduction for under-construction homes will be taken at a later meeting.
The IT sector stocks also witnessed heavy selling pressure.
At 2.18 p.m., the BSE Sensex traded 190.44 points or 0.53 per cent lower to touch 35,916.06.
It opened at 36,191.87 on Friday from its previous close of 36,106.50 on Wednesday.
The benchmark index touched an intra-day high of 36,214.26 and a low of 35,840.60.
The broader Nifty50 declined 57.40 points, or 0.53 per cent, to 10,764.20.
Also, key macro-economic figures like forex reserves, Index of Industrial Production and manufacturing output are set to be released later in the day.