The 30-share Sensex, which opened lower, remained in the negative territory throughout and finally settled at 17,151.19, a fall of 150.72 points or 0.87 per cent, extending the losses for the second day in a row.
Brokers said higher fiscal deficit, rising inflation and lower industrial production data amid a sustained fall in the rupee to more than 4-month low made affected the market sentiment.
Sharmila Joshi, Head Equity, Fairwealth Securities said: " Indian markets opened in the red today. This was after the US markets had a negative closing yesterday as investor sentiment was hurt due to the weak economic data released by US and Eurozone. Rupee also opened down as worries about India
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app