The benchmark BSE Sensex was down by
158.15 points to quote 31,651.40in late morning session on
selling pressure in key frontline shares of realty, healthCare
and FMCG sectors reflecting the subdued global peers.
Worries about North Korea which is expected to conduct
another nuclear test on its foundation day on Saturday weighed
on global markets.
The 30-share Sensex opened lower at 31,713.50 and slid to
a low of 31,586.53 on intense selling. The BSE barometer
managed to recover some of losses on gains in Reliance
Industries, Kotak Bank and Hindustan Unilever to trade at
31,651.40, still down by 158.15 points or 0.50 per cent.
The 50-share Nifty dropped below 9,900 level in early
trade on losses in Sun Pharma, ITC and Lupin. The Nifty
recovered some of the losses to regain the 9,900 level and was
quoted at 9,916.10, down by 36.10 points, or 0.36 per cent at
SunPharma fell by 2.94 per cent, ITC by 2.02 per cent,
Lupin by 1.95 per cent and TataMtr Dvr by 1.85 per cent.
Foreign portfolio investors (FPIs) sold shares worth Rs
846.53 crore on net basis yesterday, showed provisional data.
While, domestic institutional investors (DIIs) bought shares
worth Rs 474.36 crore.
Asian markets were trading lower as nations grapple with
how to deal with escalating provocations from North Korea.
US stocks closed firmly lower yesterday as investors
focused on heightened tensions between the West and North
Korea and worries about a lack of progress on President Donald
Trump's pro-growth agenda.
-- Rupee down 8 paise against dollar --
The rupee continued its volatility quoting down by 8
paise to 64.20 per dollar in late morning deals on sustained
bouts of dollar demand from importers and banks amid lower
domestic equities coupled with foreign fund outflows.
The rupee resumed lower at 64.18 per dollar at the
interbank foreign exchange (Forex) against yesterday's closing
level of Rs 64.12 per dollar.
The domestic unit hovered between 64.26 and 64.13 during
morning deals. It was quoting at 64.20 at 1145 hrs.
Sustained capital outflows pressuring the rupee, despite
a weak dollar overseas, a dealer said
Globally, the US dollar was lower against its major
rivals in early Asian trade, falling against the yen to get
closer to a recent 4-1/2 month low.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)