India Stock Bears Tighten Grip in Thin Trade on Weak Global Cues
- Volume on Sensex, Nifty gauges about 40% below 30-day average
- MSCI All-Country World Index at lowest since March last year
A pedestrian is silhouetted against the Bombay Stock Exchange (BSE) building in Mumbai, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Indian stocks declined for a third day in holiday-thinned trading as the threat of slower global growth and its impact on corporate earnings added to uncertainty at the end of a tough year.
The S&P BSE Sensex dropped 0.8 percent to 35,470.15 at the 3:30 p.m. close in Mumbai, with bulk of the losses coming in the last hour of the session. Volumes were about 40 percent below than the 30-day average. The NSE Nifty 50 Index also retreated 0.8 percent.