Sensex down on weak global cues

The day’s losers on the Sensex included, Wipro, Infosys, Sun Pharma, Axis Bank, Bharti Airtel, GAIL, Bajaj Auto, Hero MotoCorp and HDFC Bank.

April 17, 2015 05:08 pm | Updated 11:22 pm IST - Mumbai

 The benchmark Sensex ended below the 28500-mark as equities remained under pressure for the third consecutive session on Friday due to weak global cues and profit booking witnessed almost all counters. The Bombay Stock Exchange (BSE) 30-share Sensitive index (Sensex) dipped by 223.94 points or 0.78 per cent to close at 28442.10.

However, all broader indices dipped more than one per cent as BSE 100 lost 1.11 per cent, BSE 200 was down by 1.20 per cent and BSE 500 dipped by 1.19 per cent.

While BSE’s mid-cap stocks lost 2.01 per cent, small-cap stocks were down by 1.45 per cent.

On the National Stock Exchange (NSE) the 50-share Nifty closed at 8606, with a loss of 100.70 points or 1.16 per cent.

“Sentiments were downbeat from the beginning in response to disappointing earnings of IT major TCS, and negativity further accelerated as the day progressed,” said Jayant Manglik, President-retail distribution, Religare Securities. “It reflected across the board as majority of sectoral indices ended in red,” he added

PTI adds:

Rupee loses six paise The rupee on Friday snapped its two-day gaining streak against the dollar by losing six paise to end at 62.36 on fresh demand for the American currency from importers amid fall in global crude oil prices.

The rupee opened slightly lower at 62.33 a dollar at the inter-bank foreign exchange market against the last closing level of 62.30, and concluded at 62.36, showing a loss of six paise.

The Rupee had gained 21 paise or 0.34 per cent in the previous two days

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