Sensex, Nifty snap 3-day gaining streak as financial, IT shares decline on inflation concerns

Sensex, Nifty snap 3-day gaining streak as financial, IT shares decline on inflation concerns

Benchmark indices Sensex and Nifty snapped their three-day winning run to close down by half a per cent on Friday due to selling in financial and IT shares amid weak global market trends.

The 30-share BSE Sensex declined by 316.94 points or 0.52 per cent to settle at 61,002.57 as 22 of its constituents ended in red. During the day, it fell 508.84 points or 0.82 per cent to a low of 60,810.67.