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Sensex falls 75 points, rupee down 10 paise in early trade

BSE

The benchmark BSE Sensex fell nearly 75 points when the rupee fell by 10 paise to 61.98 against the US dollar in early trade today 

SensexMumbai: After two days of gains, the benchmark BSE Sensex fell nearly 75 points in early trade today on profit booking by funds amid a weak trend in other Asian markets.

The 30-share barometer, which had gained 187.50 points in the previous two sessions, fell by 74.56 points, or 0.35 per cent, to 21,176.56.

Stocks of FMCG, banking, IT and auto sectors led the fall.    Similarly, the National Stock Exchange index Nifty declined by 6.00 points, or 0.10 per cent, to 6,307.80.

Brokers said profit selling by funds amid a weak trend in the Asian region influenced the trading sentiment.

Among other Asian markets, Hong Kong’s Hang Seng fell by 0.34 per cent while Japan’s Nikkei was down 0.30 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.27 per cent lower in yesterday’s trade.

Rupee down 10 paise against dollar in early trade

Continuing its falling streak for the fourth straight day, the rupee fell by 10 paise to 61.98 against the US dollar in early trade today at the Interbank Foreign Exchange market on sustained demand for the American currency from importers.

Forex dealers said apart from demand from importers, a lower opening in the domestic equity market also put pressure on the rupee but the strength of other currencies against the US dollar in global markets, capped the fall.

The rupee had lost 26 paise to close at a one-week low of 61.88 against the dollar in yesterday’s trade.

Meanwhile, the benchmark BSE Sensex fell 74.56 points, or 0.35 per cent, to 21,176.56 in early trade today.

PTI

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