MARKET PLUNGES FOR 5TH STRAIGHT DAY

Sensex tumbles 1,176.46 points or 1.49% to end the day at 78,041.59 points

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Equity benchmark indices Sensex and Nifty plunged about 1.5 per cent on Friday, taking their downtrend to the fifth straight session, due to risk aversion in the global markets after the hawkish stance of the US Federal Reserve. An across-the-board selloff in equity markets amid unabated selling by foreign investors added to the pressure, traders said.

The 30-share BSE benchmark tumbled 1,176.46 points or 1.49 per cent to sink below the 79,000 mark to end at 78,041.59. During the day, it slumped 1,343.46 points or 1.69 per cent to 77,874.59.

The NSE Nifty tanked 364.20 points or 1.52 per cent to 23,587.50.

As many as 2,950 stocks declined, while 1,045 advanced and 90 remained unchanged on the BSE.

Investors became poorer by Rs 18.43 lakh crore in five days of the market crash as the market capitalisation of BSE-listed firms eroded by Rs 18,43,121.27 crore to Rs 4,40,99,217.32 crore (USD 5.18 trillion).