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Sensex down 27 points; rupee down 12 paise in early trade

BSE

BSE Sensex fell over 27 points where rupee lost 12 paise to 60.72 against the US dollar in early trade today

SensexMumbai: The benchmark BSE Sensex fell over 27 points in early trade today as funds and retail investors indulged in booking profits at prevailing levels amid forecast of below normal monsoon this year.

The 30-share barometer declined by 27.44 points, or 0.12 per cent, to 22,660.63. The index had lost 188.47 points on Friday.

Stocks of auto, PSUs, banking, FMCG and power sectors were the major losers.

Similarly, the NSE Nifty also fell by 15.35 points, or 0.23 per, to 6,767.40.

Brokers said selling, mostly of a profit-booking nature, by participants at current levels amid forecast of below normal monsoon this year, mainly influenced the trading sentiments here.

They said, a weak trend on other Asian bourses on concerns about Ukraine tensions, too triggered selling.

Among other Asian markets, Japan’s Nikkei was down 1.15 per cent, while Hong Kong’s Hang Seng shed 0.46 per cent in early trade today.

Rupee down 12 paise against dollar in early trade

The rupee lost 12 paise to 60.72 against the US dollar in early trade today at the Interbank Foreign Exchange market due to month-end demand for the American currency from importers.

Besides, a mixed trend in other Asian currencies against the dollar overseas and a lower opening of the domestic equity market also put pressure on the local unit, forex dealers said.

The domestic currency had gained a massive 47 paise to close at 60.60 on Friday amid heavy selling of the US currency by corporates, exporters and banks.

Meanwhile, the benchmark BSE Sensex was down 27.44 points, or 0.12 per cent, to 22,660.63 in early trade today.

PTI

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