Sensex ends down |
The Sensex closed down for the third day on December 16, 2016, as prospects of more US interest rate hikes next year continue to keep investors on edge.For the week, the Sensex lost 257.62 points, or 0.96 per cent, and the NSE Nifty 122.30 points, or 1.48 per cent.The weekly decline is the biggest since November 18, when the Sensex registered a fall of 668.58 points and the Nifty 222.20 points.The dollar soared to a near 14—year high against the euro overseas, which quickened capital flight.Rising oil prices, the prevailing cash crunch in the wake of demonetisation and its trickle—down effect on corporate performance and fears of economic slowdown made investors shaky, brokers said.The 30—share index settled moderately lower by 29.51 points, or 0.11 per cent, at 26,489.56. It hit the day’s high of 26,594.55 and a low of 26,455.21.The gauge had lost 178.75 points in the previous two sessions. Volume remained low as participants preferred to stay near the fence in absence of any positive cues.Nifty’s 50—issue NSE fell 14.15 points, or 0.17 per cent, to 8,139.45 at the close. Intra—day, it moved between 8,178.70 and 8,127.45.
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