Stock Markets Continue Downward Trend

Falling for the fifth straight session, the Indian markets ended in the red yesterday.

Amid negative global cues and a weak rupee, the benchmark index at the Bombay Stock Exchange dropped 318 points or 1.01 percent to close at over a one-month low of 31,214.

The markets also suffered losses as the Economic Survey predicted that achieving a growth of 6.75-7.5 per cent will be difficult due to farm loan waivers and transitionary challenges from implementing GST.

The National Stock Exchange too ended lower by 1.11 percent. The Nifty lost 109 points to end at 9,711. On a weekly basis, the markets recorded their first fall in six weeks.