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Sensex loses 100 points
MUMBAI: The Bombay Stock Exchange 30-share sensitive index (Sensex) continued its down-slide on Wednesday by losing over 100 points at close on persistent selling pressure amid ongoing political crisis. The Sensex moved wildly between 12935.25 and 12514.02 before closing with a loss of 100.39 points at 12575.80 against 12676.19 on Tuesday. Out of the 30 scrips in the elite club, 21 closed in the red.
Concern over rising inflation and steep fall in industrial production continued to linger on despite a fall in crude prices in global markets. Sustained selling by foreign institutional investors (FIIs) mainly kept the market sentiment subdued. FIIs pulled out over Rs. 702.70 crore on July 15
Rupee recovers
After two days of heavy losses, the rupee staged a smart recovery on Wednesday by gaining 16 paise at 43.07/08 against the dollar due to selling by some banks. At the interbank foreign exchange market, the rupee opened higher at 43.12/14 against Tuesday’s close of 43.23/24. — PTI
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