Business

Sensex slips by 85, rupee by 19p

Mumbai, Jun 2 (UNI): The BSE Sensex on Wednesday tumbled by 85.40 points to settle at 51,849.48 as selling pressure was seen in technology, IT and FMCG stocks.

Nifty rose by 1.35 points to 15,576.20.

The day opened on a negative at 51,749.10. It was dropped 484 points to 51,450.58 days low, before closing at 51,849.48, sliding by 85.40 points from its previous close.

Sensex registered days high and low at 51,913.92 and 51,450.58 points, respectively.

Nifty recorded the day’s high and low at 15,597.45 and 15,459.85 points, respectively.

The rupee slid further by 19 paise to settle at 73.08 against the USD on brisk demand for US Dollar by bankers and exporters, dealers at the Forex Market said.

The domestic unit that slipped by 31 paise to 73.20 slightly improved but ended negative only at 73.08 down by 19 paise as compared to its previous close.

The local unit registered days high and low at 73.24 and 73.05 respectively.

The rupee remained under pressure owing to strong dollar against other world currencies amid negative equity market, dealers added.

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