Business

Sensex plunges 248 pts ahead of macro data

PNS

Sensex on Friday plunged 248 points to 28,797.25, tracking weakness in global peers after North Korea tested a nuclear warhead, while domestic investors remained on the sidelines ahead of key macroeconomic data.

Sentiment also remained subdued amid uncertainty over the European Central Bank’s (ECB) failure to deliver on new stimulus measures.

The broader markets too felt the heat with BSE mid-cap and small-cap indices falling 0.99 per cent and 0.47 per cent, respectively.

On a weekly basis, the Sensex climbed 265.14 points or 0.92 per cent and the NSE Nifty rose 57.05 points or 0.64 per cent. Both indices recorded second weekly gains.

Shares of Yes Bank plunged over 4 per cent to `1,277.25 after the company deferred plans to raise $1 billion, citing extreme volatility due to misinterpretation of new QIP guidelines.