Sensex falls more than 250 points; foreign investors sell

Reuters Market Eye - The BSE Sensex falls over 1 percent on Wednesday after the rupee slumped to a record low of below 67 to the dollar underscoring worries about India's fiscal deficit and foreign investors exiting.

The benchmark BSE Sensex is down 1.2 percent, while the broader Nifty falls 1.4 percent.

Blue chip shares continue to fall on foreign selling worries with Housing Development Finance Corp Ltd down 5.2 percent, while ITC Ltd falls 2.4 percent

Overseas investors sold about $992.34 million worth of shares in the previous eight sessions through Tuesday, with global sentiment weakening further amid uncertainty about the prospect of U.S.-led military action against the Syrian government.

 

However, Wipro Ltd gains 1.5 percent after the announcement of its inclusion in the National Stock Exchange's 50-stock Nifty effective September 27.

(Reporting by Abhishek Vishnoi)