Sensex Down over 100 Points; ICICI Bank Falls
January 6, 2014 7:18 PM EST
The BSE Sensex and the Nifty are down around 0.5 percent each, heading for a fourth consecutive day of decline. It would also mean domestic shares have retreated in each trading session of 2014.
People watch a large screen displaying Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai December 9, 2013.
Losses track lower Asian shares after growth in China's services sector slowed sharply last month, raising concerns about the pace of recovery in the world's second-largest economy.
Foreign institutional investors sold 6.08 billion rupees worth of index futures on Friday, dampening sentiment.
Overseas investors also sold shares worth 180 million rupees on Friday, provisional exchange data shows.
At home, the HSBC Services Purchasing Managers' Index, compiled by Markit, fell to 46.7 in December from 47.2 in November as new orders dwindled, although firms hired at their fastest pace in five months.
Most Popular Slideshows
Join the Conversation
- The Pirate Bay Blockade: Cost Of Blocking Websites Like TPB Is Ridiculously High
- Vatican 2014 Final Synod Report: Gays Still ‘Unwelcome’ in Catholic Church, LGBT Thankful for First Step
- New Zealand Losing $9.4 Billion Every Year to Fraud
- Family Of Ebola Nurse Patient Hires Lawyer To Clear Things Up, Refutes CDC Claims; Agency Revises Guidelines
- 5 Cities With The Highest Cost Of Living In 2014
- iOS 8 Jailbreak Release Date Likely this October 2014 with Pangu not Evad3rs Firming Up as Creator
- Chilling: New ISIS Video Addresses Australia; Aussie Teen Delivers Message
- Top 4 Free-To-Download Apps for Fuller iPhone 6, 6 Plus Experience
- Xiaomi Mi4 And MiPad Prices Likely Slashed, Thanks To Rivals Oppo, OnePlus And Meizu
- Battery Saving Android 5.0 Lollipop Feature Extends The Battery Life Of Your Android Device By 90 Minutes And Displays Orange Bar While Power Saving Mode Is On
- Apple Inc. (AAPL) Stock Set to Soar Beyond $100 Despite Decline After New iPad Launch
- Russia Beefs Up Gold Reserves To Offset Heat of Sanctions And Undercut Dollar