The benchmark index of Bombay Stock Exchange (BSE) dropped by 579.46 points or 1.75 per cent to settle below 33K level at 32,596.54, a four-month-low during the week ended yesterday after concerns grew that global growth could get hit amid escalation of ongoing trade war between US and China.
The Nifty 50 index lost 197.10 points or 1.93 per cent at 9,998.05. Indices edged lower in three out of five trading sessions in the week. Trading for the week began on a dull note as domestic stocks declined on Monday as the BSE Sensex, slipped by 252.88 points at 32,923.12. The Nifty dropped by 100.90 points at 10,094.25.
On Tuesday, it recovered by 73.64 points to 32,996.16 after a volatile session of trade. The Nifty 50 index rose 30.10 points or 0.30% to settle at 10,124.35. Very next day, it further gained by 139.42 points to 33,136.18. The Nifty 50 index rose 30.90 points to settle at 10,155.25.
Again it went in red the next two days. On Thursday, it fell by 129.91 points to 33,006.27 as selling was seen in Realty, Capital Goods, IT and Telecom stocks.
On Friday, the last day of the week, the domestic stocks tumbled due to weak global equities after US President Donald Trump announced tariffs on Chinese goods, stoking fears of a trade war.
The barometer index, the S&P BSE Sensex, fell 409.73 as the Sensex crashed by 409.73 points to 32,596.54.The Nifty 50 index fell 116.70 points or 1.15 pc to settle at 9,998.05.