Market rout continues on third straight day, Sensex sheds 969 points in 3 days to touch two-month low
Benchmark Sensex extended losses for the third straight session today to end at a near two-month low even as Rupee recovered against the dollar. In today's trade, Sensex lost 169. 45 points to close at 37,121.22. This is its lowest closing since July 26 when it had finished at 36,984.64.
In the last three days, Sensex has shed 969 points - largely dragged down by rupee woes, unabated foreign fund outflows and escalating trade tensions between the US and China.
Meanwhile, NSE Nifty closed lower by 44.55 points, or 0.39 per cent, at 11,234.35. The broad-based exchange has shaved off 276 points in last three sessions.
The biggest losers in the market were media, realty and FMCG sector indices. Apart from this, bank and financial services also suffered pressure. Only metal and IT sector maintained to stay in green.
The Indian Rupee (INR) recovered 49 paise intra-day against the dollar (USD) to 72.49.
Overall sentiment remained cautious amid the US-China trade conflict and surging crude oil prices, brokers said.
There were no signs of change in trading preference of foreign portfolio investors who net sold shares worth Rs 1,143.73 crore on Tuesday. Domestic institutional investors (DIIs) picked up equities worth a net Rs 264.66 crore, according to provisional data.
Watch video:
