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  • Wednesday, September, 2019| Today's Market | Current Time: 08:08:36
  • Sensex falls over 139 pts on capital outflows

    Published on April 24, 2015

    Extending Thursday’s losses, the benchmark BSE Sensex fell over 139 points in early trade Friday due to continued foreign capital outflows and persistent sensexdownselling by investors amid muted corporate earnings.

    Besides, weakness in the rupee which fell to a fresh three-month low of 63.43 against the dollar, negatively impacted investor sentiments.

    The 30-share index was trading down by 139.29 points, or 0.50 percent, at 27,595.73 with weakness in stocks of consumer durables, realty, capital goods, banking and power sectors, causing the decline.

    The index had lost 155.11 points in yesterday’s highly volatile session.

    On similar lines, the National Stock Exchange Nifty dropped 50.35 points, or 0.60 percent, at 8,347.95.

    Cairn India shares plunged 2.34 percent to Rs 208.60 after the company yesterday reported its biggest loss of Rs 241 crore in the fourth quarter ended 31st March.

    Brokers said continued capital outflows by foreign funds on persistent concerns of foreign investors on tax claims despite the government’s clarification, muted earnings and forecast of a below-normal monsoon, mainly dampened the sentiments.

    A weak trend at other Asian markets too triggered selling on the domestic bourses, they said.

    Among other Asian markets, Hong Kong’s Hang Seng was down 0.33 percent, while Japan’s Nikkei shed 0.80 percent in early trade Friday.

    The US Dow Jones Industrial Average ended 0.11 percent higher in yesterday’s trade.

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