The 30-share Sensex opened lower at 35,452.35 points and moved between 35,241.63 and 35,543.89 before settling lower by 156.06 points, or 0.44 percent, at 35,387.88.
On a weekly basis, the Sensex lost 687.49 points, or 1.93 per cent, while the Nifty tumbled 210.10 points, or 1.94 per cent - their biggest fall since the week ended March 9.
The 50-share NSE Nifty closed at 10,741.10, down 60.75 points or 0.56 per cent, its lowest closing level since 10 May 2018, as 37 of its constituents dropped.
Mumbai: The equity markets closed lower for the second consecutive day as the lingering uncertainty over the composition of the next government in Karnataka along with weakness in global stocks impacted sentiments.
Indian markets could continue to be volatile in the short term on the back of rising oil prices. "A BJP victory in Karnataka will revive hopes of Narendra Modi forming the government again in 2019, which is important for the follow-up of economic reforms", said Anand Shah, deputy CEO and head of investments BNP Paribas Mutual Fund India.
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They've also called for more school nurses, psychologists, and counselors. "I'm a grandmother, not a thug", said Ira Reed.
Foreign portfolio investors (FPIs), who have been net sellers in the past few sessions, sold shares worth a net Rs 518.47 crore, while domestic institutional investors (DIIs) bought shares worth Rs 531.33 crore yesterday, according to provisional data.
Shares of Allahabad Bank, SBI, Punjab National Bank, Bank of Baroda, Syndicate Bank, Andhra Bank and Union Bank of India declined by up to 4.67 per cent.
Among banking stocks, HDFC Bank fell 1 per cent, ICICI Bank 0.9 per cent, Axis Bank 0.6 per cent and PNB 0.5 per cent.
FMCG index advanced 0.88 per cent. The Bank Nifty fell 0.41%.
"Market traded in a negative bias despite gains in rupee while investors' focus is now shifting to earnings after the State election dilemma".
This is published unedited from the PTI feed.