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Sensex down 20 points, rupee down 21 paise in early trade

BSE

BSE Sensex fell over 20 points and rupee lost 21 paise to 61.15 against the dollar in early trade today

SensexMumbai: The benchmark BSE Sensex fell over 20 points in early trade today on sustained selling by funds, ahead of the industrial output data for January, amid a weak trend in the global markets.

The 30-share index declined by 20.59 points, or 0.09 per cent, to 21,805.83 with metals, auto, PSUs, banking and oil & gas sectoral indices leading the fall. The index had lost 108.41 points in the previous session.

The National Stock Exchange Nifty moved down by 5.65 points, or 0.09 per cent, to 6,506.25.

Brokers said besides profit-booking by speculators after the recent rally, a cautious approach adopted by funds ahead of industrial production (IIP) data for January to be released later in the day, contributed to the decline.

Besides, a weakening trend in the global markets dampened the trading sentiments here, they said.

Among other Asian markets, Hong Kong’s Hang Seng was down 1.13 per cent while Japan’s Nikkei fell 2.17 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.41 per cent lower on profit-booking in yesterday’s trade.

Rupee down 21 paise against dollar in early trade

The rupee lost 21 paise to 61.15 against the dollar in early trade today at the Interbank Foreign Exchange market due to appreciation of the American currency against euro overseas.

Increased demand for the dollar from importers and a weak opening of the domestic equity market also put pressure on the rupee, forex dealers said.

The rupee had closed down by 9 paise to 60.94 per dollar in yesterday’s trade which was in line with a fall in local stocks after five straight sessions of gains.

Meanwhile, the benchmark BSE Sensex fell by 20.59 points, or 0.09 per cent, at 21,805.83 in early trade today.

PTI

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