MUMBAI, June 13 (Business Standard): Markets extended losses for the third straight day and ended over 1 per cent down on Thursday, amid weak global cues, as institutional investors booked profit in blue chips.
Further, the weakening rupee also weighed on market sentiment. A weak rupee will have material impact on inflation, current account and the fiscal deficits.
As capital inflows made the rupee depreciate against the dollar in recent days, Finance Minister P Chidambaram today said the government will take a call on further reforms in foreign direct investment (FDI) soon, while market watchdog Securities and Exchange Board of India (Sebi) will decide on easing procedures for foreign institutional investments.
The 30-share Sensex ended at 18,827 down 214 points or 1.12 per cent and the 50-share Nifty ended at 5,699 down by 61 points or 1.06 per cent. The Sensex and the Nifty reached an intra-day low of 18,766 levels and 5,683 mark, respectively
Further, the weakening rupee also weighed on market sentiment. A weak rupee will have material impact on inflation, current account and the fiscal deficits.
As capital inflows made the rupee depreciate against the dollar in recent days, Finance Minister P Chidambaram today said the government will take a call on further reforms in foreign direct investment (FDI) soon, while market watchdog Securities and Exchange Board of India (Sebi) will decide on easing procedures for foreign institutional investments.
The 30-share Sensex ended at 18,827 down 214 points or 1.12 per cent and the 50-share Nifty ended at 5,699 down by 61 points or 1.06 per cent. The Sensex and the Nifty reached an intra-day low of 18,766 levels and 5,683 mark, respectively
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