Sensex And Nifty Slides; Rupee Down Against dollar
Key stock barometer Sensex fell 105 points today after disappointing economic data forced investors to tighten their exposure.
Surging oil prices and a sluggish trend in Asian markets brought pain, too.
The 30-share gauge declined 104.55 points, or 0.31 per cent, at 33,123.44. FMCG, banking and power indices retreated by up to 0.16 per cent.
The gauge had lost 227.80 points in the previous session. The NSE Nifty slipped 29.60 points, or 0.28 per cent, to 10,210.55.
Market mood took a hit after government data, released after trading hours yesterday, showed that industrial production growth hit a 3-month low of 2.2 per cent in October and retail inflation jumped to a 15-month high of 4.88 per cent in November.
Investors brushed off another record close on Wall Street and looked forward to the Federal Reserve's latest policy meeting outcome today.
Japan's Nikkei shed 0.66 per cent while Shanghai Composite was down 0.12 per cent in early trade today. Hong Kong's Hang Seng, however, was up 0.22 per cent. Meanwhile, the US Dow Jones Industrial Average ended 0.49 per cent higher yesterday.
Rupee loses 16 paise against dollar on negative macro numbers
The rupee took a hit of 16 paise at 64.56 against the US dollar today, unable to digest a negative set of macroeconomic data.
According to data released yesterday, industrial growth in October hit a 3-month low of 2.2 per cent while retail inflation in November rose to a 15-month high of 4.88 per cent.
A lower opening in domestic stock markets, rise in global crude oil prices and a resurgent dollar against other currencies ahead of the Fed policy announcement later in the day kept the rupee on the edge.
Yesterday, the rupee had shed 3 paise at 64.40 against the US currency in a quiet session.
The benchmark Sensex fell 104.55 points, or 0.31 per cent, to 33,123.44 in early session today.