Sensex Loses Nearly 200 Points; Nifty Closes Under 11,800
Sensex lost 191.77 points to close at 39,394.64, while Nifty finished at 11,788.85, down 52.70 points.
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Equity benchmark indices Sensex and Nifty closed in the red on Friday, with both losing close to half a percent during the day.
30-share BSE Sensex lost 191.77 points to close at 39,394.64, while the broader 50-share NSE Nifty finished at 11,788.85, down 52.70 points.
Among sectors, Nifty Metal and Nifty Auto sub-indices lost the most while Nifty FMCG and Nifty PSU Bank finished with gains.
GAIL, Bajaj Finance and Hindustan Lever were among the top gainers.
According to experts, global investors are awaiting progress in US-China trade talks at the G-20 Summit scheduled to be held in Osaka, Japan, on 28-29 June .
Domestic investors are also tracking the summit for cues on India-US trade concerns, traders said.
Earlier in the day, Prime Minister Narendra Modi held a "productive" trilateral meeting with US President Donald Trump and Japanese premier Shinzo Abe, and extensively discussed issues of the Indo-Pacific region, connectivity and infrastructure development ahead of the formal opening of the G-20 Summit.
Globally, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading in the red in their respective early sessions.
Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 71 lakh, while domestic institutional investors bought shares to the tune of Rs 196.57 crore, provisional data available with stock exchanges showed Thursday.
On the currency front, the Indian rupee appreciated 11 paise to 68.96 against the US dollar.
The global oil benchmark Brent crude futures fell 0.38 per cent to 65.42 per barrel.
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