The week’s trading ends with the Sensex down 400 points to 57,525 and the Nifty below 16,950.

The week’s trading saw the Sensex fall 400 points to 57,525 and the Nifty below 16,950. This was the index’s biggest single-day fall in nearly two months. The sell-off was led by heavy selling in banking and financial stocks.

The Sensex had started the week on a positive note, rising over 200 points in early trade on Monday. However, it failed to maintain the momentum and ended the day with modest gains. Tuesday’s session was a volatile one, with the Sensex swinging between gains and losses. It finally ended the day with marginal losses.

The Sensex had started the week on a positive note, rising over 200 points in early trade on Monday.

The sell-off gathered pace on Wednesday, with the Sensex tumbling over 400 points in early trade. It managed to pare some of the losses by the end of the day, but still ended over 300 points lower. Thursday saw more selling, with the Sensex falling below the 58,000-mark.

The market saw some respite on Friday, with the Sensex rising over 200 points in early trade. However, it failed to hold on to the gains and ended the day with modest losses.

Stock exchanges in Seoul, Tokyo, Shanghai, and Hong Kong all finished down on the Asian markets.

In the afternoon trading, European markets were also quoted in the red. On Thursday, American markets finished higher.

The rupee lost 25 paise to end the day at 82.45 versus the US dollar.

Benchmark Brent crude for all crude oil fell 1.73 percent to USD 74.60 a barrel.

Following a day of rest, Foreign Portfolio Investors sold shares of stock worth Rs. 995.01 crore on Thursday, according to exchange data.

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