INDIAN EQUITY BENCHMARK extended its losses for the
fourth straight trading session on Friday amid sustained
selling pressure in the banking, oil and gas and consumer
durables socks. Sentiment got a hit after the Indian rupee
continued to weaken against the US Dollar. The rupee slipped
and was trading around Rs 62.67 compared with previous
close of Rs 62.42 per dollar.
Further, Punjab National Bank falls more than 4 percent after
its July-September net profit halves to sharply below
consensus estimates.
While the mid-Cap and the Small-Cap stocks remained under
pressure. However, the realty, capital goods, power and the
metals stocks bucked the negative trend.
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