Sensex tumbles 846 points for the week, Nifty below 10,200

TIL Desk/Business/Mumbai/ The benchmark Sensex tumbled 846.30 points for the week to revisit at 32K-level at 32,832.94, while the broader Nifty ended below the key 10,200- level to close at 10,121.80. The market saw largely volatile sessions throughout the week, with first three-days trading range-bound possessed by uncertainty over the September quarter GDP data.

Finally, the bounce-back in the GDP growth and the brief short-covering gains during start of the week dismantled by caution as bears silently took control, pressured by surge in country’s fiscal deficit figure, while renewed tensions in korean peninsula and F&O expiry added the volatility.

Country’s reversing trend in economic growth with GDP data showing an expansion by 6.3 percent in July-September after five-quarter slide, usurped by worries over widening fiscal deficit as it hit 96.1 percent or 5.25 lakh crore of the budget estimate for 2017-18 pressuring banking sector.

The Sensex started the week lower at 33,640.51 and hovered between 33,770.15 and 33,797.78 before settling the week at 32,832.94, showing a loss of 846.30, or 2.51 percent.