Monday, 30th October 2017

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Stocks volatile

Leading IT, pharma, financials, and oil stocks retreated because of profit booking

By TT Bureau in Mumbai
  • Published 8.10.19, 12:58 AM
  • Updated 8.10.19, 12:58 AM
  • a min read
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The barometer oscillated between the day’s high of 37919.47 and a low of 37480.53. (AP)

The Sensex on Monday declined 141 points after a volatile session, dragged down by profit-booking in select IT, banking, pharma and FMCG stocks mainly in the last hour of trade. The 30-share BSE Sensex settled at 37531.98 points, down 141.33 points, or 0.38 per cent, as 24 of its components posted losses. The barometer oscillated between the day’s high of 37919.47 and a low of 37480.53.

Broader NSE Nifty dropped by 48.35 points, or 0.43 per cent, to close at 11126.40 as leading IT, pharma, financials, and oil stocks retreated because of profit booking. As many as 32 of Nifty components declined.

Rupee declines

The rupee depreciated by 14 paise to close at 71.02 against the US dollar on Monday as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy.

Forex traders said market sentiment remained fragile ahead of the US-China trade meeting. Besides, rising crude prices also weighed on the domestic unit. The rupee opened on a weak note at 71.00 and fell further to a low of 71.09. It finally settled at 71.02, lower by 14 paise against its previous close.