Continuing its losing streak for sixth straight day, Sensex on Monday crashed 385 points to hit a six-month low of 25,765.14 following sustained foreign outflows amid uncertainty about the economic impact of the demonetization move. Also, fears that rising US bond yields since Donald Trump's election to president could accelerate fund outflows from emerging markets, hurting trading sentiments. The 30-scrip gauge resumed higher, but ended lower by 385.10 points, or 1.47 %, at 25,765.14 -- its lowest since May 24. The gauge has now fallen by 1,752.54 points in the six sessions on persistent capital outflows by foreign funds amid lingering worries about the economic impact denometisation. As many as 25 Sensex stocks closed with losses, while seven including Wipro, TCS, Sun Pharma, RIL and ONGC ended in the green, which cushioned the fall.

Source: dna November 21, 2016 11:31 UTC