Thiruvananthapuram

31°C

Haze

Enter word or phrase

Look for articles in

Last Updated Friday May 26 2017 06:42 PM IST

Sensex down 49 pts on US rate hike hints, rupee plunge

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

Sensex down 49 pts on US rate hike hints, rupee plunge

Mumbai: Extending losses for the fifth session, the Sensex fell over 49 points in early trade on sustained foreign capital outflows after hints of rate hike in December by US Federal Reserve Chair Janet Yellen.

Besides, the rupee taking a sharp plunge of 32 paise to 68.14 against the dollar in early trade also dampened the market sentiments.

The 30-share index was down 49.21 points, or 0.18 percent, at 26,178.41, with stocks of consumer durables, metal, FMCG, realty, capital goods and healthcare leading the fall.

The gauge had plunged by 1,290.06 points in the previous four sessions.

The NSE benchmark Nifty fell 19.65 points, or 0.24 percent, to trade at 8,060.30.

Sentiments took a hit after the US Federal Reserve chief indicated the US may hike interest rates next month, leading to acceleration in capital outflows by foreign funds, traders said.

Moreover, prevailing cash crunch following the government's demonetization decision has severely impacted select sectors like real estate, consumer goods and metal.

Besides, a mixed trend on other Asian bourses also influenced the trading momentum.

Shanghai Composite Index shed 0.16 per cent while Japan's Nikkei was up 0.84 percent in morning trade today. Hong Kong's Hang Seng rose 0.20 percent.

The US Dow Jones Industrial Average ended 0.19 percent higher in yesterday's trade.

Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

The opinions expressed here do not reflect those of Malayala Manorama. Legal action under the IT Act will be taken against those making derogatory and obscene statements.

Email ID:

User Name:

User Name:

News Letter News Alert
News Letter News Alert