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Stocks Fall Ahead of GDP Numbers, F&O Expiry

Representative image.

Representative image.

The 30-share flagship index was down 185.24 points, or 0.55 percent, at 33,417.52 with sectoral indices led by realty and power falling up to 0.88 percent.

Mumbai: The BSE Sensex fell by 185 points in early session on Thursdsay due to losses in realty, power, PSU, metal and infrastructure stocks amid weak Asian cues.

Besides, investors were cautious ahead of September quarter GDP data to be released later in the day.

Offloading of positions by participants with on Thursday being the last trading session of November series contracts in the derivatives segment pulled down the index, brokers said. The 30-share flagship index was down 185.24 points, or 0.55 percent, at 33,417.52 with sectoral indices led by realty and power falling up to 0.88 percent.

The gauge had fallen 121.68 points in the previous two sessions.

The 50-share NSE Nifty too was quoting lower by 57.50 points, or 0.55 percent, at 10,303.80.

Weakness in the rupee, which slipped 24 paise to 64.55 against the dollar today, too weighed on the sentiments. Among laggards Kotak Bank, Cipla, Adani Ports, ONGC, M&M, Reliance Industries, Coal India, Axis Bank, Hind Unilever, Tata Motors, Bharti Airtel, HDFC Ltd, Tata Steel and Lupin dropped up to 1.71 percent.

Hong Kong's Hang Seng weakened 1.21 percent while Shanghai Composite lost 0.26 percent in early trade. Japan's Nikkei too shed 0.10 percent.

US Dow Jones Industrial Average ended 0.44 percent higher on Wednesday.

first published:November 30, 2017, 10:07 IST