Mumbai: The benchmark BSE Sensex declined by about 80 points in early session on Friday, in tandem with weak global cues amid rupee’s plunge below the 66 mark.
Besides, the release of the minutes of last Monetary Policy Committee (MPC) meeting on April 4-5, indicating the Reserve Bank of India may shift to a hawkish monetary stance in June, weighed on investor sentiment.
The 30-share index, which had gained 95.61 points in Thursday’s session, was quoting lower by 79.95 points, or 0.23 per cent, at 34,347.34, with metal, banking, realty, FMCG, power and PSU stocks leading the fall.
Similarly, the NSE Nifty fell 25.20 points, or 0.24 per cent, to 10,540.10.
Brokers said, besides continued capital outflows by foreign funds, profit-booking in recent gainers, rupee’s fall below the 66-mark against the dollar and higher global crude oil prices, hurt trading sentiments.
Bucking the trend, shares of the country’s largest software exporter TCS climbed 3.81 per cent, to Rs 3,312.30 after the company yesterday reported a 4.4 per cent growth in its consolidated net profit at Rs 6,904 crore for the March 2018 quarter and its board recommended a 1:1 bonus share issue.
Laggards were Tata Steel, Asian Paint, ITC, SBI, Axis Bank, HDFC, Sun Pharma, Yes Bank, IndusInd Bank, Power Grid, Bajaj Auto, Hero MotoCorp, M&M and RIL, falling by up to 1.39 per cent.
Meanwhile, foreign funds sold shares worth Rs 624.99 crore in Thursday’s trade, provisional data showed.
Globally, Hong Kong’s Hang Seng fell 0.18 per cent, while Shanghai Composite Index shed 0.73 per cent in early trade on Friday. Japan’s Nikkei, however, rose 0.14 per cent.
The US Dow Jones Industrial Average had ended 0.34 per cent lower in Thursday’s trade.
Also Watch
-
Watch: Quin Smart Helmets | Feature
Thursday 19 April , 2018 Interview: Virat Kohli at the Launch of the Audi RS5
Wednesday 18 April , 2018 Karnataka Election 2018: The Good, The Bad and The Tainted Candidates
Wednesday 18 April , 2018 The Rape and Murder Of A Young Girl Has Shocked Pakistan
Tuesday 17 April , 2018 Mahesh Manjrekar Up & Close | Talks About Hosting Bigg Boss Marathi
Source: News18