Sensex closes below 80K as slide continues – The Tribune-OxBig News Network

The Indian stock market extended its bear run into fifth straight session on Friday. The BSE Sensex today tumbled 662.87 points, or 0.83 per cent, to end the session at 79,402.29 levels. The Nifty50, on the other hand, closed at 24,180.80, down 218.63 points or 0.9 per cent.

According to analysts, the Nifty opened on a flat note but encountered heavy selling pressure, closing at 24,180.80. According to Vishnu Kant Upadhyay, AVP at Master Capital Services Ltd, this market selloff was primarily driven by disappointing quarterly earnings, continuous selloff.