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Sensex down 91 points, rupee down 27 paise against dollar in early trade

BSE

The benchmark BSE Sensex fell over 91 points in early trade today

SensexMumbai: The benchmark BSE Sensex fell over 91 points in early trade today on sustained selling by funds and investors amid a weakening trend in other Asian markets.

Extending losses for the fourth straight session, the 30-share barometer fell by 91.07 points, or 0.44 per cent, to 20,760.26 with IT, banking, power, metal and oil & gas sector stocks leading the fall.

The index has already lost 320 points in the past three sessions.

Similarly, the National Stock Exchange index Nifty shed 33.90 points, or 0.52 per cent, to 6,178.95.

Brokers said continued selling by funds as well as retail investors amid weak cues from other Asian markets dampened the trading sentiment here.

In the Asian region, Hong Kong’s Hang Seng index shed 0.56 per cent, while Japan’s Nikkei fell 2.18 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.17 per cent higher in Friday’s trade.

Rupee down 27 paise against dollar in early trade

The rupee fell by 21 paise to 62.43 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers.

Forex dealers said a weak opening of the domestic equity market also weighed on the rupee but dollar’s weakness against
other currencies overseas limited the losses.

The rupee had gained 10 paise at 62.16 against the dollar on Friday. Meanwhile, the BSE benchmark Sensex fell 91.07 points, or 0.44 per cent, to 20,760.26 in early trade today.

PTI

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