Stock market opened on red mark; Sensex and Nifty fell, rupee also fell

New Delhi| Sensex fell 284.12 points to 77,864.37 in early trade. Similarly, Nifty is trading down 86.8 points at 23,602.15. The rupee fell 1 paise to 85.92 against the US dollar in early trade.

Sensex and Nifty fell in early trade on Thursday amid continuous withdrawal of foreign capital. BSE Sensex fell by 284.12 points in early trade to 77,864.37 points. NSE Nifty slipped 86.8 points to 23,602.15 points. Foreign institutional investors (FIIs) were selling on Wednesday and sold shares worth a net Rs 3,362.18 crore, according to stock market data.

Shares of Tata Motors, Larsen & Toubro, Zomato, State Bank of India, Sun Pharma, Power Grid, Bajaj Finance and NTPC fell the most among the 30 Sensex-listed companies. Shares of Kotak Mahindra Bank, Infosys, Mahindra & Mahindra, Tata Consultancy Services and Asian Paints were among the gainers.

In Asian markets, South Korea’s Kospi and Hong Kong’s Hang Seng were in profit, while China’s Shanghai Composite and Japan’s Nikkei were in loss. American markets closed with a positive trend on Wednesday.

The rupee fell one penny to a record low of 85.92 per dollar in early trade on Thursday amid a strong US currency trend and a rise in crude oil prices. With this, the rupee continued to fall for the third consecutive trading session. The rupee opened at its all-time low of 85.94 per dollar in the interbank foreign exchange market. Early deals peaked at 85.92 against the dollar, representing a fall of one penny against the previous closing price. The rupee had fallen 17 paise to close at its all-time low of 85.91 against the US dollar on Wednesday.