Amid volatile trades, sensex falls for 4th day
Reported by Times of India Business, not nibnow. We are not the publisher of this story, only the source is.
The sensex’s fourth consecutive drop signals continued market volatility that could affect investors’ portfolios, even though foreign and domestic institutions were net buyers and the rupee is weakening toward a key 95‑per‑dollar level.
The day’s slide came despite Rs 888-crore net buying by foreign funds and another Rs 3,235-crore net buying by domestic institutions, BSE data showed. Early on Friday, Brent crude had hit a nearly six-month high at $114 per barrel. As a result, the rupee also weakened and inched closer to the 95-to-a-dollar mark again and closed at 94.93.
The sensex is India’s benchmark stock index, reflecting the performance of major listed companies; foreign and domestic institutional buying often influences market direction, while the rupee’s exchange rate against the dollar is a key gauge of currency strength and import costs.
- •Whether the rupee breaches the 95‑per‑dollar threshold
- •Further movements in Brent crude prices and their impact on the market
- •Subsequent days’ sensex performance in response to fund flows and currency changes