Report Wire - Sensex falls 2%, Rupee at file low

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Sensex falls 2%, Rupee at file low

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stock markets, Sensex, equity schemes, Passive funds, India news, Indian express, Indian express news, current affairs

Domestic inventory markets on Thursday plummeted 2.2 per cent as fears over excessive inflation and the potential for additional hikes in rates of interest made traders nervous, resulting in promoting strain.

The benchmark Sensex dove 1,158 factors to 52,930.31 and the NSE Nifty by 359 factors at 15,808.00 because the broad sell-off, led by overseas traders, hit sentiment.

The rupee, in the meantime, fell to a file low for a second time this week, hitting 77.63 towards the greenback in intra-day commerce. The forex, nevertheless, made a partial restoration to settle at 77.50.

With Thursday’s fall, the Sensex has fallen 2,772 factors within the final six classes as world markets had been anxious about rising inflation numbers and rates of interest. Banking, monetary, energy, utilities and metallic shares led the sell-off.

Foreign portfolio traders (FPIs) pulled out Rs 5,255 crore on Thursday, taking the full FPI outflows in May to Rs 28,921 crore. However, home institutional traders pumped Rs 4,815 crore into shares, with web investments in May thus far at Rs 23,565 crore.

Consumer Price Index (CPI)-based inflation in April was at 7.79 per cent towards 6.95 per cent in March and 4.21 per cent within the year-ago month, official knowledge confirmed Thursday.