BSE Sensex down over 700 pts on selling pressure

Continuing its downward slide, the BSE benchmark index Sensex fell by over 700 points in afternoon trade on Friday on selling pressure in almost all the sectors amid depreciation of rupee value.

At 2.02 pm, Sensex was down 742.21 points at 18625.38. Similarly, Nifty was down 209.70 points at 5532.60 during the same time.

All the sectors were trading in red. The sectors that saw the maximum selling pressure were consumer durables, banking index (bankex), capital goods, metal, oil and gas, public sector undertakings (PSU), fast moving consumer goods (FMCG), auto, IT and healthcare.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 19,297.11 points, was trading at 18,905.01 points in the pre-noon session, down 462.58 points or 2.39 percent from Wednesday's close at 19,367.59 points.

The Sensex touched a high of 19,310.95 points and a low of 18,817.25 points in the trade so far.

The S&P BSE consumer durables index tanked 510.80 points, bankex plummeted 514.53 points, capital goods index dipped 282.19 points, metal index dropped 240.60 points, oil and gas index slipped 178.99 points, PSU index slid 139.07 points, FMCG index plunged 110.99 points, auto index nosedived 156.05 points, IT index fell by 107.37 points and healthcare index went down by 114.84 points.