Sensex Down 49 Points on US Rate Hike Hints, Rupee Plunge
The 30-scrip Sensitive Index (Sensex) was trading 39.05 points or 0.15 per cent lower during the early session.
Mumbai: Extending losses for the fifth session, the Sensex fell over 49 points in early trade on Friday 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 Thursday's trade.
Recommended For You
- 2017 Audi A3 Facelift First Drive Review: The Future is Cylinder on Demand
- News18 Movie Awards 2017: Nominees For Best Singer (Male)
- Moto 3rd Anniversary Sale on Flipkart: Huge Discounts on Moto Z, Moto M and More
- Shahid Kapoor's Pre-Birthday Bash: Deepika, Alia, Katrina steal the show
- Top T20I Bowler Imran Tahir Has No Takers in IPL Auction