Sensex down 21 points, Rupee down 24 paise in early trade
The BSE benchmark Sensex today fell over 21 points to 20,442.68 in early trade as funds and retail investors booked profits after two sessions of gains
Mumbai:The BSE benchmark Sensex today fell over 21 points to 20,442.68 in early trade as funds and retail investors booked profits after two sessions of gains amid a mixed trend in the Asian region.
The 30-share barometer, which gained over 271 points in the previous two sessions, moved down by 21.38 points, or 0.10 per cent, to 20,442.68, led by the weakness in realty, metals, FMCG and oil and gas sector stocks.
Similarly, the wide-based National Stock Exchange index Nifty, moved down by 5.00 points, or 0.08 per cent, to 6,068.30.
Brokers said besides profit-booking by speculators after recent gains, a mixed trend at the Asian markets, influenced the sentiment.
They said, however, gains in healthcare and IT sector stocks, capped the losses.
In the Asian region, Nikkei at the Japan stock market, was trading 0.92 per cent higher, while Hong Kong’s Hang Seng index shed 0.24 per cent in early trade today.
The US markets remained closed yesterday for the annual Presidents’ Day holiday 02180933
Rupee down 24 paise against dollar in early trade
The rupee today lost 24 paise to Rs 62.08 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency overseas.
Increased demand for the dollar from importers also put pressure on the rupee.
Dealers attributed the rupee’s fall to dollar gains against other currencies overseas and a lower opening of the domestic equity market.
The rupee had gained nine paise to close at nearly one- month high of 61.84 against the dollar in yesterday’s trade after the government said in the interim Budget that fiscal deficit this financial year will be capped below target.
Meanwhile, the BSE benchmark Sensex fell by 21.38 points, or 0.10 per cent, at 20,442.68 in early trade today.