Advertisement

HindustanTimes Thu,18 Sep 2014

Sensex falters, easing further from record highs

Reuters  Mumbai, March 20, 2014
First Published: 09:52 IST(20/3/2014) | Last Updated: 11:42 IST(20/3/2014)

The BSE Sensex declines 0.3% and the broader Nifty falls 0.4%, retreating further from record highs hit on Tuesday.

Investors continue to take profit in recent outperformers: Axis Bank falls 1.7% after gaining 9.4% this month as of Tuesday's close and Larsen & Toubro falls 1.5% after surging 12.3% during the same period.

A fall in Asian shares also impacting sentiment after investors were jolted when Federal Reserve Chair Janet Yellen said the U.S. central bank might end its bond-buying programme this fall, and could start to raise interest rates around six months later.

Any signs of higher U.S. interest rates could impact foreign investor sentiment in India. Overseas funds bought Indian shares worth 10.7 billion rupees on Wednesday, to mark their 22nd buying session in the previous 23.


Advertisement
more from Business

Rupee plunges 25 paise against dollar in early trade

The rupee fell by 25 paise to 61.17 against the US currency in early trade on Thursday at the Interbank Foreign Exchange market due to dollar's gains against other currencies overseas.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved