Sensex falls for 3rd day as rupee sinks to over 2-month low

The BSE Sensex today fell by 30.47

points to 32,370.04, extending losses for a third day, due to

capital outflows by foreign funds after the US Federal Reserve

announced plan to wind down stimulus measures and hinted at

another interest rate hike.

Asian markets too turned negative, giving investors

more jitters.

After opening in the positive zone at 32,406.42, the

Sensex advanced to the day's high of 32,462.61 at the outset

largely on the back of unabated buying by domestic investors.

It later gave up gains and fell to a low of 32,164.42 as

the rupee sank to over two-week low of 64.81 (intra-day)

against the dollar as expectations of rate hike by the US

Federal Reserve grew stronger.

However, the index managed to recoup most of the losses

after European shares opened better. The 30-share barometer

closed down by 30.47 points, or 0.09 per cent at 32,370.04.

The 50-share NSE Nifty closed lower by 19.25 points, or

0.19 per cent at 10,121.90 after after moving in the range of

10,158.90 and 10,058.60.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)