Selling in FMCG, auto pulls Sensex down 110 points; rupee falls 6 paise to 63.57 vs dollar

Mumbai - The benchmark BSE Sensex slipped by over 110 points to 27,097.85 in morning trade on persistent selling pressure, mainly in FMCG, auto, metal and realty stocks in view of heavy foreign capital outflows. Foreign portfolio investors (FPIs) sold shares worth a net Rs 2,808.27 crore on Wednesday, as per provisional data available with stock exchanges. The Sensex resumed slightly higher at 27,215.19 but fell back to 27,097.85, showing a loss of 110.76 points, or 0.40 percent. The CNX 50-share Nifty also eased by 26.15 points, or 0.31 percent, to 8,147.95. [caption id=“attachment_2012619” align=“alignleft” width=“300”]  BSE[/caption] Asian stocks were trading mixed in early trade. Key benchmark indices in China, South Korea and Taiwan were up by 0.23-1.24 per cent while Japan and Singapore were down by 0.02-0.15 per cent. US markets remained closed yesterday on account of “Christmas”. In line with the stock market, the rupee also failed to maintain initial gains against the dollar and was six paise down at 63.57 on fresh demand for the US greenback from banks and importers due to heavy foreign capital outflows. The rupee resumed higher at 63.45 as against Wednesday’s closing level of 63.51 on initial selling of dollars by banks and exporters. However, it failed to maintain the gains and dropped to 63.64 before quoting 63.57 at 10:00 am. The unit moved in a range of 63.45-63.64 per dollar during the morning trade. In the global market, the dollar was lower against the yen and other currencies on Wednesday in subdued pre-Christmas holiday trading. PTI