Sensex drops over 150 pts amid weak global cues

Domestic equity benchmark BSE Sensex fell over 150 points in early trade Friday tracking negative global cues amid rising crude oil prices.

Mumbai: Domestic equity benchmark BSE Sensex fell over 150 points in early trade Friday tracking negative global cues amid rising crude oil prices.

Also Read: Rupee slips 11 paise to 69.61 vs USD in early trade

The 30-share index was trading 172.05 points, or 0.43 per cent, lower at 39,569.31 at 0945 hours. Similarly, the broader NSE Nifty was quoting 50.40 points, or 0.42 per cent, down at 11,863.65.

In the previous session on Thursday, the BSE gauge settled 15.45 points, or 0.04 per cent, lower at 39,741.36. While, the broader NSE Nifty inched up 7.85 points, or 0.07 per cent, to close at 11,914.05.

Also Read: Rupee rises 15 paise to 69.72 vs USD in early trade

Meanwhile, foreign institutional investors bought equity worth Rs 172.35 crore, while domestic institutional investors sold shares to the tune of Rs 444.87 crore, provisional data available with stock exchanges showed on Thursday.

On the currency front, the Indian rupee depreciated 7 paise to 69.57 against the US dollar. (PTI)