Mumbai: The benchmark Sensex and Nifty slid to their lowest close in nearly four and a half months, mirroring the weakness in Asian shares as concerns that Donald Trump taking over as US President, led to fears of higher interest rates, triggering capital outflows from riskier bets such as emerging markets.
Earlier in the day, BSE’s 30-share Sensex fell as much as 2.69% or 740.50 points to 26,777.18 points, while NSE’s Nifty 50-share dropped 2.82% or 240.80 points to 8,284.95 points. Sensex closed 2.54% or 698.86 points lower at 26,818.82 points, its lowest close since 29 June. Nifty shed 2.69% or 229.45 points to close at 8,296.30 points, its lowest close since 30 June.