Sensex, Nifty slump nearly 1% on FII outflows, West Asia tensions

MARKETS TURN TOPSY-TURVY | The mcap of BSE-listed firms slumped Rs 16,26,691.48 crore to Rs 4,60,89,598.54 crore ($5.49 trillion) in five days of the market crash

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Stock markets slid for the fifth day in a row on Friday with Sensex tumbling 808 points in a topsy-turvy session as FMCG, auto and energy shares succumbed to intense selling and foreign fund outflows triggered by escalating tensions in West Asia.

The BSE Sensex tumbled 808.65 points or 0.98 per cent to settle at a three-week low of 81,688.45.

The benchmark hit a low of 81,532.68 and a high of 83,368.32 during the day, reflecting a wild swing of 1,835.64 points.

The NSE Nifty slumped 235.50 points or 0.93 per cent to 25,014.60. Intra-day, it hit a low of 24,966.80 and a high of 25,485.05.

Market investors became poorer by Rs 16.26 lakh crore in five days of heavy correction in equities. The market capitalisation of BSE-listed firms slumped Rs 16,26,691.48 crore to Rs 4,60,89,598.54 crore ($5.49 trillion) in five days of the market crash.