Sensex show downward trend, ends at six-month low of 26,105

Sensex extended its downward trend for the fifth session on Friday, falling over 77 points to end at fresh six-month low of 26,150 as foreign investors continued to pull out funds on fears of a rate hike in the US.

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Prakhar Sharma
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Sensex show downward trend, ends at six-month low of 26,105

Sensex dives 77 points due to US rate hike fears, weak rupee

Sensex extended its downward trend for the fifth session on Friday, falling over 77 points to end at fresh six-month low of 26,150 as foreign investors continued to pull out funds on fears of a rate hike in the US.

Sentiment was also hit by the rupee taking a sharp plunge of 36 paise intra-day to breach the 68-level against the dollar for the first time since June 24.

Sensex, after falling to a low of 26,106.78 on sustained foreign fund outflows, recovered briefly to hit a high of 26,349.02, before dipping again by 77.38 points, or 0.30 per cent, to 26,150.24, its lowest level since May 25, 2016.

The 50-share NSE Nifty shed 5.85 points, or 0.07 per cent, to end at 8,074.10, after moving between 8,128.95 and 8,048.30. 

Sensex