Sensex drifts 509 points lower

The BSE Sensex fell 509 points to close at 33,176.00 on Friday, continuing its downward movement for the third straight session dragged down by finance, energy and metal stocks.

The Nifty fell 165 points to settle at 10,195. Forty one stocks on the 50-scrip Nifty ended in the negative zone.

Top losers on the Nifty50 were Indian Oil Tata Motors and UltraTech Cement.

Brokers said persistent selling by investors and capital outflows by foreign funds and a weak trend in Asian bourses, due to increased concerns over the prospect of a global trade war, dampened market sentiment.

“The recent under-performance for our markets vis-a-vis global indices can be attributed to negative news flows and NPA concerns related to PSU banks,” Prasanna Pathak, fund manager, Taurus Mutual Fund, told NDTV.