The market extended its losses in early trade on Thursday following weakness in global peers over Fed tapering fears, continuing fall for the third consecutive session. The Sensex fell 115.60 points to 21,055.81, and the Nifty declined 31.45 points to 6,276.45. Indian rupee fell further in opening trade on Thursday. It depreciated by 35 paise to 61.60 against the US dollar versus previous day's closing of 61.25 per dollar. QE tapering fears resurface ahead of the US Federal Reserve's policy meeting next week. Leading economists expect the Fed to kick start its taper plan as the US economy strengthens. Mid cap is higher by 0.06% and Smallcap is up by 0.08% as we write this. On sectional front, Power sector is higher by 0.50% and Auto leads the laggards with a decline of 0.89%.
Further the market breath stands negative with 713 advances against 831 declines.
Further the market breath stands negative with 713 advances against 831 declines.
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