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Sensex, Nifty slip from lifetime highs; rupee up 23 paise in early trade

BSE

BSE Sensex slipped from record high by falling over 50 points where rupee opened 23 paise up to trade at 60.54 against the US dollar today

SensexMumbai: The benchmark BSE Sensex slipped from record high by falling over 50 points in early trade today as RIL and ONGC plunged after the Election Commission asked the government to defer till the polls the doubling of natural gas prices.

The 30-share Sensex fell by 50.34 points, or 0.23 per cent, to trade at 22,005.14. It soared to an all-time intra-day lifetime high of 22,074.34 in yesterday’s trade.

The 50-share NSE Nifty, which climbed to hit record high of 6,591.50 in the previous session, fell 6.10 points, or 0.09 per cent, to 6,577.40.

In the oil & gas segment, RIL fell by 2.83 per cent to Rs 879, while ONGC was trading 3.25 per cent down at 310.75 on fresh round of selling, dragging the BSE oil & gas sector index down by 2.49 per cent to 9,071.03 in early trade.

Besides, emergence of profit-booking at record levels by participants and a weakening trend in the Asian region, following overnight losses in the US markets also dampened the trading sentiments, brokers said.

Among other Asian markets, Hong Kong’s Hang Seng fell by 0.33 per cent while Japan’s Nikkei shed 0.51 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.16 per cent lower in yesterday’s trade.

Rupee up 23 paise against dollar in early trade

Extending its rising streak, the rupee opened 23 paise up to trade at 60.54 against the US dollar today on heavy capital inflows.

Dealers said sustained selling of the American currency by banks and exporters also supported the rupee but a lower opening of the domestic equity market and dollar’s rise against other currencies overseas, limited the gains.

The rupee had appreciated by 12 paise in its previous session to close at an over six-and-a-half month closing peak of 60.77 against the US currency.

Meanwhile, the benchmark BSE Sensex fell 50.34 points, or 0.23 per cent, to trade at 22,005.14 in early trade today.

PTI

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