The market got a jolt when the news of militant attack on
Slowdown in foreign fund inflow and sharp rise in the rupee value to near 60.40 in mid-session deals also weighed on the domestic stock market sentiment. Eleven out of the 12 BSE sectoral indices closed in the red logging losses between 0.72 per cent and 2.10 per cent. Realty, oil&gas, power, consumer durable, banking, auto and IT took the lead in the downslide while only healthcare index finished in the green.
The BSE 30-share indicator resumed better and moved in a narrow range till early mid-session. After falling sharply to a low of 25,114.30, it recovered some ground to end at 25,246.25, a net fall of 274.94 points or 1.08 per cent. It had shot up by 330.71 points or 1.31 per cent on Tuesday. The 50-issue CNX Nifty of the NSE also slumped by 73.50 points, or 0.96 per cent, to end at 7,558.20.
After markets closed Tuesday, government unveiled a host of steps to tame inflation that has soared to a five-month high of 6.01 per cent in May.
The rupee yesterday fell
A sharp fall in local equities amid slow down in capital inflows too had a negative impact on the rupee, say dealers. Global crude oil prices rose further and the benchmark crude oil for July delivery added
At the Interbank Foreign Exchange (
Most Popular Stories
- Prosecutor to Investigate Walmart Police Shooting
- Mark Sanchez Suddenly a Hot QB Commodity
- GM to Announce New Jobs in Tennessee
- Smith & Wesson Misses Target
- Emirates Hit Libyan Targets With Airstrikes
- Marco Rubio Warns Obama on Deportations
- Michael Brown Funeral: Can Americans Change the Script of Violence?
- American Killed With ISIS Fighters in Syria
- Surf's Up! SoCal Prepares for Big Storm Surf
- Ford Hires 300 at Louisville Lincoln Plant