Sensex slips from record high; rupee down 6 paise in early trade
BSE Sensex fell from record high by losing over 35 points where rupee depreciated by 6 paise to 61.13 against the US dollar in early trade today
Stocks of oil & gas, FMCG, capital goods, auto and metal sectors led the fall.
The 30-share index Sensex which had gained 118.17 points in the previous session, lost 35.58 points, or 0.16 per cent, to 22,840.96 in early trade today.
Similarly, the National Stock Exchange Nifty declined by 4.20 points, or 0.06 per cent, to Rs 6,836.60.
The stock market was closed yesterday for Lok Sabha polls in Mumbai.
Besides profit-booking by speculators amid a weak trend in the other Asian markets mainly influenced the sentiment, brokers said.
Among other Asian markets, Hong Kong’s Hang Seng was down 0.17 per cent while Japan’s Nikkei fell 0.24 per cent in early trade today.
Rupee down 6 paise against dollar in early trade
Extending its losing streak for the fourth session, the rupee depreciated by 6 paise to 61.13 against the US dollar in early trade today at the Interbank Foreign Exchange market due to sustained demand for the American currency from importers.
Besides, dollar’s gains against other currencies overseas and a lower opening in the domestic equity market also weigh on the domestic currency.
The rupee had lost 31 paise to close at one-month low of 61.07 on Wednesday on sustained dollar demand from banks and importers. Forex and money markets were closed yesterday for Lok Sabha polls in Mumbai.
Meanwhile, the benchmark BSE Sensex fell by 35.58 points, 0.16 or per cent, to 22,840.96.