Sensex slips to 81.5k points, lowest level in 3.5 months
According to Ajit Mishra, SVP (research), Religare Broking, markets were volatile and declined nearly 1%, resuming the prevailing corrective trend.
“Market sentiment was weighed down by renewed concerns over global trade and geopolitical developments, along with continued foreign institutional selling.
Currency weakness further added to the negative bias, as the rupee slipped to fresh lows against the dollar during the session.“The day’s slide left investors poorer by Rs 6.9 lakh crore with BSE’s market capitalisation now at Rs 451.6 lakh crore, official data showed.Foreign funds led the selling with a net outflow of Rs 4,113 crore, BSE data showed.
So far in the month, foreign funds have net sold stocks worth nearly Rs 33,600 crore, data from NSDL showed.
