Mumbai, December 19
Stock market: The equity benchmark Sensex on Thursday fell nearly 965 points to below the 80,000 level on heavy selling in global shares after the US Federal Reserve hinted at a rate cut next year. Consumer durables, banking and IT stocks suffered steep losses amid foreign fund outflows, analysts said.
BSE’s 30-share benchmark Sensex closed down 964.15 points or 1.20 per cent at 79,218.05 in a fourth consecutive day of decline. The blue-chip index lost 1,162.12 points or 1.44 percent to 79,020.08 during the day. The NSE Nifty fell 247.15 points, or 1.02 per cent, to close below 24,000 points at 23,951.70. –News-Patiala
