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Sensex suffers fresh losses

MUMBAI: The Bombay Stock Exchange’s sensitive index continued its losing streak for the third day in a row and lost 62 points on Friday on reports of inflation rate rising to above four per cent. It closed at 17464.89 against 17526.93 on Thursday. Friday’s trading was marked by selective buying and selling by investors with IT and FMCG counters attracting good buying support.

Banking, metal, realty and capital goods suffering a sharp setback on heavy selling.

Mirroring a firm trend on the Wall Street on Thursday, the 30-share BSE barometer resumed higher at 17610.07 and touched a high of 17688.73. But the emergence of heavy selling pulled the Sensex down to a low of 17203.06 before recovering some ground on positive opening in European markets. While the BSE barometer had lost more than 1100 points in the last two trading sessions, Friday’s close at 17464.89 marked its third lowest closing level this year. — PTI

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