Stocks Update: Sensex declines 416 points; Nifty ends at 18,696

New Delhi: The Sensex and the Nifty today fell more than half a percent snapping a winning streak of eight straight sessions.

Both indices slipped amid negative cues from global share markets. The Sensex finished below the 63,000 mark while the Nifty settled below the 18,700 level.

The Sensex declined 416 points, or 0.66 percent, to close at 62,869. The Nifty also plunged 116 points, or 0.62 percent, to end at 18,696.

Yesterday, the Sensex and the Nifty on Thursday extended gains for the eighth session in a row to hit a lifetime high level. Both indices logged modest gains amid positive cues from global share markets. The Sensex was trading above 63,250, while the Nifty was trading above 18,800 points.

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