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Sensex drops by 289.29 points and Nifty closes at 11823.30

The Benchmark BSE closed at the end of the day at 289.29 points, or 0.73 per cent, lower at 39,452.07. The index hit an intra-day low of 39,363.45 and a high of 39,799.90. The broader NSE Nifty tumbled 90.75 points, or 0.76 per cent, to close at 11,823.30. During the day, the index touched a low of 11,797.70 and a high of 11,911.85.
According to experts, domestic market ended significantly lower tracking weak cues from global markets amid continued uncertainty over US-China trade talks and escalating tensions between the US and Iran after attacks on two oil tankers in the Gulf of Oman on Thursday.

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