Sensex logs first fall in four days, tanks 383 points on rupee woes |
The NSE Nifty too fell by 131.70 points to slip below 10,500-mark. Intense selling pressure was witnessed in select counters led by auto, realty and oil and gas stocks. The BSE benchmark Sensex snapped its three-day gains, plunging 383 points due to heavy selling mainly in financial and auto stocks as rising crude prices and rupee volatility spooked investors. The flagship index swung nearly 880 points both ways on alternate bouts of buying and selling during the session.Meanwhile in the forex market, the rupee after showing strength in early session at 73.37, slipped 13 paise to 73.61 against the US dollar (intra-day) too had its shadow on equities. Market slid below 10,500 mark as rise in oil price and volatility in the rupee influenced investors to book profit.
|
|
|
|