Closing Update- Stock Market registered strong losses in the last trading session of the week amid geopolitical worries. BSE Sensex fell 448 points to 31,922, while the Nifty fell 158 points to close at 9,964. All the sectoral indices on the BSE finished the session in red. Broad market showed weakness. With negative breadth, about 2082 shares declined and 524 shares advanced and 144 shares were unchanged. 

The rupee hit its weakest point since early April amid concerns that the govt’s plan for a spur to halt an economic deceleration may have a negative impact on the fiscal deficit. 

Metal and mining stocks dropped amid fall in global metal prices. NALCO down 7.74%, Jindal Steel & Power down 7.48%, SAIL India down 5.32%, Tata Steel down 4.7% among many others. 

BSE Realty index was the major losing index, which closed at 2,072.05 level, down by 4.29%. Indiabulls Real Estate was the top loser in the index ending at Rs 218 per share, down by 8.71%.