Sensex falls over 100 points to 36,180 on foreign fund outflows, rising oil prices; Nifty down by 33 points

Sensex fell 124.63 points, or 0.34 percent, to 36,180.39, after touching a high of 36,454.03 at the outset.

Press Trust of India September 25, 2018 10:04:12 IST
Sensex falls over 100 points to 36,180 on foreign fund outflows, rising oil prices; Nifty down by 33 points

Mumbai: Benchmark indices turned volatile after opening higher Tuesday on foreign fund outflows, surging global crude oil prices, weak rupee and negative global cues.

The 30-share index fell 124.63 points, or 0.34 percent, to 36,180.39, after touching a high of 36,454.03 at the outset. The gauge has lost 1,785.62 points in the previous five sessions.

Similarly, the NSE Nifty fell by 33.40 points, or 0.30 percent, to 10,934.

Sectoral indices led by realty, FMCG, banking, power, consumer durables and auto stocks were in the negative terrain, with losses up to 0.87 percent.

The big losers were Bharti Airtel, M&M, PowerGrid, Kotak Bank, Tata Steel, ICICI Bank, ITC, IndusInd Bank, Axis Bank, Maruti Suzuki, SBI and TCS, losing up to 3.43 percent.

Sensex falls over 100 points to 36180 on foreign fund outflows rising oil prices Nifty down by 33 points

Representational image. Reuters.

In contrast, Yes Bank, ONGC, Asian Paint, NTPC, Sun Pharma, Coal India and RIL gained up to 1.90 percent and capped the fall.

Sentiment remained weak on prevailing liquidity concerns and sustained capital outflows by foreign funds, apart from crude oil prices reaching the USD 81 a barrel mark to trade at four-year high of USD 81.28 a barrel, brokers said.

The rupee too depreciated by 33 paise to 72.96 against the US dollar in early trade at the interbank forex market.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 523.94 crore, while domestic institutional investors (DIIs) bought shares worth Rs 1,527.67 crore Monday, provisional data showed.

Most Asian stocks fell as trade tensions between the US and China intensified with the more tit-for-tat tariffs.

Japan's Nikkei fell 0.19 percent, China's Shanghai Composite Index shed 0.76 percent in their early sessions. Hong Kong markets were closed Tuesday for a public holiday.

The US Dow Jones Industrial Average ended 0.68 percent down Monday.

Updated Date:

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