Sensex, Rupee dips with mercury

Mumbai: Seems that the Bombay Stock Exchange has started following the mercury as it continues to lose more points during today’s morning trade. The BSE benchmark Sensex dipped further fifty points while sharing the same sentiment the Rupee also went down by 24 paisa against the US dollar at the Intra-bank foreign exchange today.

The 30-share barometer, which had lost 62.33 points in the previous session, lost 50.55 points or 0.24 per cent at 20,448.17 level in a fall led by financial and realty sector stocks.

Similarly, the wide-based National Stock Exchange index Nifty declined by 27.50 points or 0.44 per cent to 6,118.85 points.

Brokers said continued offloading of positions at current high levels by funds and retail investors,particularly, in banking realty and metal sector stocks, dragged the Sensex down.

Besides, absence of positive cues from other Asian bourses also cast shadow on the sentiments here, they said.
Meanwhile, the Indian rupee fell sharply by 24 paise to Rs 45.22 against the US dollar in early trade today, extending yesterday's weakness at the Interbank Foreign Exchange today, weighed down by the dollar's gains against currencies.

Forex dealers said besides dollar's gains against other Asian currencies, weak opening on the stock market also kept pressure on the Indian rupee.

The rupee had tumbled by 28 against the US dollar to close at Rs 44.98/99 following weak equities and good dollar demand in the previous session.

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