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Closing bell: Sensex slumps 351.56pts, Nifty below 10,200

Closing bell: Sensex slumps 351.56pts, Nifty below 10,200

Mumbai (Maharashtra): Amid growing speculations of a US-China trade war, market indices fell sharply on Wednesday afternoon.

The BSE’s Sensex plunged by 351.56 points to 33,019.07, while Nifty failed to maintain its 10,200 mark, trading 116.60 points lower at 10,128.40. It is said that around 1,427 shares declined against 1,183 advancing shares on the BSE.

Among top losers were PC Jeweller, Jaiprakash Associates, DLF, Union Bank, South Indian Bank and Ashok Leyland, whose shares fell up to 5 percent.

Meanwhile, the Nifty Bank index lost around 400 points as all sectoral indices traded in red, except the Auto index.

Earlier in the day, the Indian rupee opened higher by 3 paise at Rs.64.98 against one US dollar. (ANI)