Sensex falls 55 points in early trade
Mumbai, Nov 26 (PTI) The benchmark BSE Sensex fell over 55 points in early trade today on offloading of positions by speculators ahead of monthly expiry in the derivatives segment amidst mixed global cues.
The 30-share barometer, which had lost 161.49 points in the previous session, fell by 55.22 points, or 0.19 per cent, to 28,282.83 with stocks of realty, banking, auto, IT, metal and capital goods sectors declining the most.
Also, the National Stock Exchange index Nifty was down by 18.70 points, or 0.22 per cent, to 8,444.40.
Brokers said apart from profit-booking in recent gainers, trimming of positions by speculators in view of tomorrow’s monthly expiry in the derivatives segment, influenced sentiments.
Besides, a mixed trend on other Asian bourses following a lower closing in the US markets in yesterday’s trade, triggered selling at domestic markets.
Among other Asian markets, Hong Kong’s Hang Seng was trading 0.21 per cent higher, while Japan’s Nikkei fell 0.07 per cent in early trade.
The US Dow Jones Industrial Average ended 0.02 per cent lower in yesterday’s trade.
Rupee gains 5 paise against dollar in early trade
The rupee strengthened by five paise to 61.81 against the dollar in early trade today at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks.
Forex dealers said besides increased selling of the American currency, the dollar’s weakness against other currencies overseas also supported the rupee but a lower opening in the domestic equity market, limited the rise.
The domestic currency had gained eight paise to close at 61.86 against the dollar in yesterday’s trade on account of suspected RBI intervention through state-owned banks.
Meanwhile, the benchmark BSE Sensex fell by 55.22 points, or 0.19 per cent, to 28,282.83 in early trade today.