Sensex sheds 100 points, Rupee slips

December 24, 2014 12:29

The BSE Sensex and Nifty fell over 0.50 per cent in afternoon trade amid across-the-board decline. Volatility was seen because of derivative expiry today.

The rupee also slipped past 63.50 levels after the dollar index moved above the key 90 level for the first time since March 2006 after strong US and UK economic data.

The Sensex fell over 150 points after it hit 27,342.80 at its day's low. Strong selling pressure in oil & gas stocks weighed on the benchmark index. Global oil prices slipped today, with brent futures falling towards $61 per barrel as the US dollar held near its highest level in nearly nine years on strong data.

Market heavyweights ONGC fell 1.5 per cent while RIL declined 0.4 per cent and Cairn India nearly 1 per cent.

At 12:16 pm, the Sensex was down 108 points to 27,397 while Nifty fell 31 points to 8,235.

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