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Sensex down 150 points, rupee at 73

IANS  |  Mumbai 

Broadly negative Asian markets and profit booking pushed the key equity indices in the red during the afternoon session of the trade on Monday.

Except for IT, selling pressure was witnessed in almost all the counters led by the Consumer durables, and also traded lower.

The investor sentiments were also weighed down ahead of the release of the key macro-economic data (PMI service data) and a declining rupee.

The domestic currency was trading 59 paise lower, at 73.03 to a US dollar, from its Friday close of 72.44.

"The decline in the domestic currency is because of the US dollar, which is stronger as the their economy is doing well. As far as markets are concerned, the volatility is expected to continue. It is trading in a tight range and will continue for few months," Astha Jain, Senior Analyst, Hem Securities, told IANS.

In addition, the Brent crude was below the $73 a barrel.

At 1.52 p.m., the traded 153.62 lower at 34,858.03 from its previous close of 35,011.65.

The index touched a high of 35,123.41 and a low of 34,811.91 while the NSE's Nifty was trading 61.45 points lower at 10,491.55.

The State Bank of India, ahead of its second quarterly result due on Monday, traded 5.20 per cent higher at Rs 290.65 apiece.

--IANS

ravi/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 14:12 IST
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