The benchmark BSE Sensex reversed
its early gains to trade lower by 43 points in morning session
today as capital goods, banking, oil and gas and FMCG stocks
The 30-share index fell by 43.68 points or 0.13 per cent
to 32,356.83 in morning session. It had opened higher at
32,406.42and rose by 0.18 per cent to a high of 32,460.03 in
The wider Nifty of NSE fell by 22.90 points or 0.23 per
cent to 10,118.25 as 28 of its constituents led by ICICI Bank,
Hindalco, Coal India, Bank of Baroda and Gail dropped up to
1.94 per cent. The NSE Nifty had gained 16 points, or 0.15 per
cent, to touch a high of 10,157.15 in early trade.
Heavy fall in the rupee after the US Federal Reserve
announced plan to wind down its crisis-era stimulus and hinted
at another interest rate hike before the end of the year
dampened the sentiment. The rupee dropped sharply by 26 paise
64.53 in morning trade.
Among major Sensex losers, Coal India fell the most by
2.59 per cent, ICICI Bank by 2.06 per cent and L&T by 1.,43
per cent. Reliance Industries, SBI Tata Motors Axis Bank and
ONGC also dropped up to 1.46 per cent, dragging the index into
th negative zone.
However, shares of Dr Reddy's, Cipla, Lupin, Bajaj Auto,
Sun Pharma, Tata Steel, Adani Ports, HDFC Ltd, Hero MotoCorp,
Kotak Bank and Maruti Suzuki were trading in the positive
terrain with gains of up to 3.13 per cent.
Among other Asian markets, Japan's Nikkei rose 0.83 per
cent, Shanghai Composite Index up 0.12 per cent and Hong
Kong's Hang Seng gained 0.13 per cent in their early deals.
The US Dow Jones Industrial Average ended 0.19 per cent
higher in yesterday's trade.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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