NEW DELHI, Dec. 20 (Xinhua) -- India's stock markets, the Bombay Stock Exchange (BSE) or Sensex and the National Stock Exchange (NSE) or Nifty-50, crashed by nearly 1.5 percent on Friday, revealed their official websites.
While the BSE closed 1,176 points, or 1.49 percent, down at 78,041.59, the NSE settled at 23,587.50, down 364 points, or 1.52 percent.
The crash resulted in a net loss of 9 trillion Indian Rupees, or 105.84 billion U.S. dollars, to the investors during the day.
This was the fifth consecutive day when the Indian stocks had fallen. There has been a total loss of nearly 18 trillion Indian Rupees, or nearly 211 billion dollars, to the investors over the past five days.
An online media report by The Times of India stated, "the market sentiment deteriorated following the Federal Reserve's forecast of reduced interest rate reductions in the upcoming year, leading to foreign investors withdrawing their investments."
Meanwhile, the Indian currency the Rupee breached the 85-mark against the U.S. dollar and remained at the value of 85.03 against one U.S. dollar on Friday. ■