Mumbai: The benchmark Sensex today recorded its first drop in three sessions after fluctuations for better part of the session, falling over 49 points as caution prevailed ahead of derivatives expiry during a holiday-shortened week.
Furthermore, a weak closing in Asia, subdued commodity prices on the back of a rising dollar and concerns over Chinese demand and a lower opening in European markets kept investors on edge.
- The gauge opened higher, but fell to a low of 25,747.01 as participants started booking profits in recent gainers. At the close, it was down 49.15 points, or 0.19 percent at 25,819.34.
- The index had risen 385.97 points in the past two sessions after the government announced a 3 per cent interest subsidy for exporters running for five years.
- The 50-share NSE Nifty ended down 7.30 points, or 0.09 percent, at 7,849.25 after shuttling between 7,877.50 and 7,825.20.
- Of the 30-pack Sensex, 18 ended with losses and 12 higher.
- The rupee depreciated 25 paise to 66.44 against the American currency (intra-day), which too weighed, they said.
- Sector-wise, the BSE Metal index suffered the most by plunging 1.21 percent, followed by FMCG and PSU.
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