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Sensex down 39 points, rupee up 29 paise in early trade

BSE

BSE benchmark Sensex today fell over 39 points; rupee appreciated by 29 paise to trade at 59.79 against the US dollar in early trade today

SensexMumbai: The BSE benchmark Sensex today fell over 39 points in early trade, extending losses for the third straight session as funds and retail investors engaged in reducing positions amid a weak trend in global markets.

The 30-share barometer, which had lost 200 points in the past two sessions, fell by 39.77 points, or 0.17 per cent, to 22,319.73

Stocks of consumer durable, IT, tech, bank and capital goods sectors declined due to profit-booking.

Similarly, the wide-based National Stock Exchange index Nifty fell by 3.50 points, or 0.05 per cent, to 6,690.85.

Brokers said a weak trend in Asian trade following losses in the US market on Friday’s trade, dampened the trading sentiment here.

In the Asian region, Japan’s Nikkei Index was down 1.34 per cent, while Hong Kong’s Hang Seng index shed 0.45 per cent in early trade.

The US Dow Jones Industrial Average ended 0.96 per cent down in Friday’s trade.

Rupee up 29 paise against dollar in early trade

The rupee appreciated by 29 paise to trade at 59.79 against the US dollar in early trade today on selling of the American currency by banks.

Forex dealers said sustained foreign capital inflows also supported the rupee but a lower opening in the domestic equity market and dollar gains against the euro limited the gains.

The rupee had rose by eight paise to close at 60.08 against the dollar on Friday on fresh selling of the US currency by exporters and some banks notwithstanding weakness in local equities and firm greenback overseas.

Meanwhile, the benchmark BSE Sensex fell 39.77 points, or 0.17 per cent, to 22,319.73 in early trade today.

PTI

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