Sensex down 190 points, Nifty below 11,800

Mumbai, June 21, 2019:

After opening on a flat note, the benchmark Sensex fell over 190 points during the early trade on Friday.

Investor sentiment took a hit after oil prices rose sharply.

Brent crude, the global oil benchmark, surged over 5 percent on renewed tensions in the Middle East after Iran shot down a US military drone.

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At 10 a.m., the Sensex traded 190.27 points or 0.48 percent lower at 39,411.36.

The Nifty was 44.80 points or 0.38 percent down to 11,786.95.

On Thursday, Indian shares rose sharply, taking cues from firm global markets after the US Federal Reserve hinted at a rate cut.

About Sensex: The BSE SENSEX (also known as the S&P Bombay Stock Exchange Sensitive Index or simply the SENSEX) is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange. The 30 component companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy.

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