logo
 
Extending losses for the fifth session, the Sensex fell over 49 points in early trade today on sustained foreign capital outflows after hints of rate hike in December by US Federal Reserve Chair Janet Yellen.
Besides, the rupee taking a sharp plunge of 32 paise to 68.14 against the dollar in early trade also dampened the market sentiments.The 30-share index was down 49.21 points, or 0.18 per cent, at 26,178.41, with stocks of consumer durables, metal, FMCG, realty, capital goods and healthcare leading the fall.
The gauge had plunged by 1,290.06 points in the previous four sessions. The NSE benchmark Nifty fell 19.65 points, or 0.24 per cent, to trade at



8,060.30.Sentiments took a hit after the US Federal Reserve chief indicated the US may hike interest rates next month, leading to acceleration in capital outflows by foreign funds, traders said.
Moreover, prevailing cash crunch following the government's demonetisation decision has severely impacted select sectors like real estate, consumer goods and metal.Besides, a mixed trend on other Asian bourses also influenced the trading momentum.
Shanghai Composite Index shed 0.16 per cent while Japan's Nikkei was up 0.84 per cent in morning trade today. Hong Kong's Hang Seng rose 0.20 per cent. The US Dow Jones Industrial Average ended 0.19 per cent higher in yesterday's trade.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Do you think Ruturaj Gaikwad would be a good captain for Chennai Super Kings?

Yes
No
Can't Say