Business

Sensex Down 106 Pts; Nifty Opens Below 7750

Mumbai; Dec.21: The benchmark BSE Sensex fell almost 106 points in early trade today weighed down by losses in healthcare, IT and consumer durables amid a mixed trend in Asian markets.

The 30-share index fell 105.68 points, or 0.41 per cent, to 25,413.54.

The gauge had lost 284.54 points in the previous session on Friday.

On similar lines, NSE Nifty edged lower by 28.50 points, or 0.36 per cent, to 7,733.45.

The Indian rupee opened marginally higher by five paise at 66.35 per dollar versus 66.40 Friday.

Experts believe that the Fed hike was well received with all markets rallying initially. However, the continued weakness in energy and oil prices has started to put pressure back on the market.

Brent crude prices fell to their lowest since 2004 on renewed worries over a global oil glut, with production around the world remaining at or near record highs and new supplies looming from Iran and the United States.  

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