Advertisement

HindustanTimes Sat,26 Jul 2014

Sensex down 147 points in early trade

PTI  Mumbai, July 31, 2013
First Published: 09:57 IST(31/7/2013) | Last Updated: 13:46 IST(31/7/2013)

The BSE benchmark Sensex on Wednesday fell over 147 points in early trade dragged down by realty, power and banking sector stocks on sustained selling by funds and retail investors, after RBI lowered GDP forecast amid a falling rupee.

Advertisement

Extending losses for the sixth straight session, the 30-share barometer fell by 147.86 points, or 0.76 %, to 19,200.48.

Sensex has lost almost 955 points in the previous five sessions.

On similar lines, the wide-based National Stock Exchange Index, Nifty, declined by 53.80 points, or 0.93 %, to 5,701.25.

Brokers said steady selling by funds on growth concerns after the Reserve Bank of India lowered GDP estimates to 5.5 % from earlier projection of 5.7 % for the current fiscal, dampened the trading sentiment.

Besides, weakening rupee which fell by 60 paise to 61.07 against the dollar in early trade on Wednesday, was another dampening factor, they said.

Meanwhile in the Asian region, Hong Kong's Hang Seng index was up by 0.30 %, while Japan's Nikkei Index was down 0.48 % in early trade.


Advertisement
more from Business

Market extends record-breaking run, Sensex zooms 2%; IT shines

The market continued its north-bound journey for the second straight week, propelling both the key indices, Sensex and Nifty, to new peaks on buying in IT, tech, FMCG and pharma counters on uninterrupted foreign fund inflows and some robust Q1 earnings.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved