Business

BSE Sensex, NSE Nifty Down Despite Positive Economic Data, Rupee Declines 5 Paise Against Dollar

NEWS WORLD INDIA | 0
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| September 15 , 2015 , 10:01 IST
[caption id="attachment_67965" align="aligncenter" width="700"]BSE Sensex, NSE Nifty, Rupee (Photo: AP)[/caption] BSE Sensex fell close to 55 points in early trade on Tuesday on profit-booking by investors despite positive macroeconomic data points. A mixed trend at other Asian markets as investors turned cautious ahead of the US Fed rate decision later this week weighed. The 30-share barometer, which had gained 246.49 points in Monday's session, was trading down 54.91 points, or 0.21 per cent, at 25,801.79, with metal, banking, auto and power sector stocks leading the losses. On similar lines, the NSE Nifty shed 27.15 points, or 0.34 per cent, at 7,845.10. Brokers said sentiment turned somewhat weak as investors booked profits after yesterday's gains even as retail inflation fell to a new low of 3.66 per cent in August, which may prompt the Reserve Bank to cut rates at its September 29 policy meet. Among other Asian markets, Hong Kong's Hang Seng was down 0.27 per cent while Shanghai's Composite index fell 2.42 per cent, but Japan's Nikkei was up 1.33 per cent in early trade. The US Dow Jones Industrial Average ended 0.38 per cent lower in yesterday's trade. Rupee declines 5 paise against dollar in early trade The rupee fell 5 paise to 66.38 against the dollar in early trade due to fresh dollar demand from importers. Besides, a weak opening in the domestic equity market weighed, dealers said. A weakness in the US dollar against major world currencies in the global market, however, limited the rupee fall. The local currency had gained 21 paise to close at 66.33 in the previous session on fresh selling of dollars by banks and exporters driven by lower greenback overseas amid signs of strength in domestic macroeconomic indicators such as inflation figures.