Benchmark Sensex News
The Nifty 50 index opened flat at 23,960.70 points with a gain of only 9 points, while the BSE Sensex surged 0.15 percent to open at 79,335.48 points.
Shares of Syndicate Bank plunged 4.97 percent, Punjab National Bank 4.69 per cent, Andhra Bank 4.03 percent, Allahabad Bank 3.88 percent, Bank of Baroda (3.64 percent), SBI (3.27 percent), Union Bank of India (2.83 percent), Bank of Maharashtra (2.63 percent) and AXIS Bank (2.34 percent) on BSE.
The rupee pared its early gains to trade down by 5 paise at 64.94 against the dollar on emergence of demand for the US currency from importers and banks despite higher local equities.
The benchmark Sensex fell by about 71 points to slip below the key 27,000-mark in the opening trade today, on sustained foreign fund outflows amid weak Asian cues as investors await US President Donald Trump's economic plan details.
Market benchmark Sensex managed to keep its head above 25,000-level, but extended losses to a sixth straight session today by taking a hit of 274.28 points as investors grew increasingly worried about a possible delay in the key tax reform bill amid sustained foreign fund outflows.
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