Market update: Key Indian equity indices trade lower in early session, Rupee plunges 19p against US dollar

Reports from National Stock Exchange and BSE Sensex and Rupee plunges 19 paise against US dollar

Key Indian equity market indices opened in the red on Friday following global cues.

Reports from National Stock Exchange and BSE Sensex and Rupee plunges 19 paise against US dollar. (Reuters File Photo)

The 30-scrip Sensitive Index (Sensex) was trading 321.23 points or 1.02 per cent lower during the early session.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 96.20 points or 0.98 per cent lower at 9,724.05 points.

The BSE Sensex, which opened at 31,355.92 points, was trading at 31,210.10 points (at 9.16 a.m.) in the early session, lower 321.23 points or 1.02 per cent from Thursday’s close at 31,531.33 points.

The Sensex touched a high of 31,355.92 points and a low of 31,194.87 points in the trade so far.

The rupee fell further by 19 paise to 64.27 against the US dollar in early trade on Friday due to strong demand for the American currency from importers amid foreign fund outflows.