Sensex rises 82 points & Rupee drops 6 paise against dollar in early trades today

Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading 63.19 points or 0.22 per cent up as capital goods stocks gained.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading at 21.95 points or 0.25 per cent up at 8,734 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 28,725.75 points, was trading at 28,773.06 points (at 9.15 am) in the early session, up 63.19 points or 0.22 per cent from the previous day’s close at 28,709.87 points.

The Sensex touched a high of 28,773.17 points and a low of 28,721.43 points in the trade so far.
Good buying was observed in capital goods, healthcare and banking sectors, while marginal selling pressure was seen in metal sector.

The rupee fell by six paise to a fresh two-month low of 62.82 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange due to rise in the Greenback’s value against other global currencies.

Forex dealers attributed the fall in the rupee to the dollar’s strength against other global currencies and sustained capital outflows but a higher opening in the domestic stock market capped the rupee’s fall.

The rupee had lost 21 paise to end at two-month low of 62.76 against the dollar on sustained dollar demand from importers amid rate hike concerns by the US Federal Reserve.

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Source:Ibnlive

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