Sensex drops over 200 pts, Nifty below 11,550
Domestic equity benchmark BSE Sensex dropped nearly 200 points in early trade Friday amid heavy foreign fund outflow and weak domestic headwinds.
Mumbai: Domestic equity benchmark BSE Sensex dropped nearly 200 points in early trade Friday amid heavy foreign fund outflow and weak domestic headwinds.
The 30-share index opened over 150 points tracking rally global equities, but surrendered all gains to trade 201.04 points or 0.52 per cent lower at 38,696.42 at 0955 hours. The index swung nearly 400 points in the first hour of the session.
Similarly, the broader Nifty was also quoting 66.75 points or 0.58 per cent down at 11,530.15.
In the previous session, the 30-share gauge closed at 38,897.46, down by 318.18 points or 0.81 per cent, and the Nifty cracked below the 11,600 mark, ending 90.60 points or 0.78 per cent lower at 11,596.90.
Meanwhile, the Indian rupee appreciated 18 paise (intra-day) to 68.78 against the US dollar.
The global oil benchmark Brent crude futures were trading 1.92 per cent higher at 63.12 per barrel. Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading over 1 per cent higher in their respective early sessions. (PTI)