Sensex falls 800 points, Nifty briefly slips below 15,900 on weak global cues
Equity benchmark indices opened on a negative note on Thursday with the Nifty slipping below the 16,000 and Sensex falling nearly 850 points.
Equity benchmark indices opened on a negative note on Thursday with the Nifty50 slipping below the 16,000 and the 30-share Sensex falling more than 600 points amid weak global cues.
At 09:16 AM, Nifty was down 169 points (1.05%) to trade at 15997 while Sensex was down 589 points (1.09%) to trade at 53499. The indices weakened further as the Nifty was down by more than 250 points at 9:30 AM and briefly slipped below 15,900. Sensex declined over 850 points to trade below 53,200.
Meanwhile, Rupee declined 30 paise to 77.55 against US dollar in early trade, according to news agency PTI. Global oil benchmark Brent crude futures declined 1.11 per cent to USD 106.32 per barrel.
A lacklustre trend in the domestic equity markets and a firm American currency weighed on investor sentiment. Besides, persistent foreign fund outflows and elevated crude oil prices impacted the domestic unit.
On Wednesday, foreign institutional investors remained net sellers in the capital market as they offloaded shares worth Rs 3,609.35 crore, as per stock exchange data.
News Sources – India Tv News
