The market trimmed its losses in last couple of hours of trade and ended mildly lower on Thursday. The Sensex fell 236 points intraday due to sharp depreciation in rupee post Federal Reserve hinted rate hike by December and announced unwinding of balance sheet, but recovered over 200 points in later part of session.
Banks, auto, FMCG and metals stocks pulled the market lower but healthcare stocks outperformed throughout session.
The 30-share BSE Sensex was down 30.47 points at 32,370.04 while the 50-share NSE Nifty held its psychological 10,100 level, falling 19.25 points to 10,121.90.
The rupee fell sharply in trade today after the US Federal Reserve announced a plan to begin winding down its USD 4.5 trillion balance sheet in October and hinted at another interest rate hike by December. The rupee dropped by 49 paise to 64.75 against the US dollar.
The broader markets under performed benchmarks as the BSE Midcap and Smallcap indices lost 0.3-0.5 percent on weak breadth. Nearly two shares declined for every share rising on the BSE.
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