Frontline indices, the Sensex and the Nifty 50, extended their losses for a second consecutive session on Friday, May 9, as rising tensions between India and Pakistan and the resulting uncertainty kept investors cautious.
The Sensex closed at 79,454.47, with a loss of 880 points, or 1.10 per cent. The Nifty 50 ended the day at 24,008, down 266 points, or 1.10 per cent. The BSE Midcap and Smallcap indices, however, outperformed, losing only 0.10 per cent and 0.30 per cent, respectively.
The overall market capitalisation of BSE-listed firms dropped to nearly ₹416.8 lakh crore from ₹418.50 lakh crore in the previous session, making investors lose about ₹2 lakh crore in a single session.
On a weekly scale, the Sensex fell 1.30 per cent and the Nifty 50 declined 1.40 per cent, snapping their three-week winning streak.
(This is a developing story. Please check back for fresh updates.)
