Sensex Sheds Over 160 Pts, Nifty Below 11,000 in Closing Trade
The rupee rose to the one-month high of 71.27 against the greenback.
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Domestic equity benchmark BSE Sensex closed 166.54 points lower at 37,104.28, a decrease of 0.45 percent, on Thursday, 12 September. The Nifty 50, on the other hand, fell 54.65 points or by 0.50 percent to close at 10,981.05.
Earlier during the day, both Sensex and Nifty went up by more than a quarter a percent within the initial few minutes of trading.
Sensex advanced 150 points in early session on Thursday, driven by gains in banking, metal and energy stocks, ahead of key macroeconomic data releases.
After touching a high of 37,421.13, the 30-share index was trading 129.68 points, or 0.35 percent, higher at 37,400.50 at around 9:40 am, while the broader Nifty rose 34.65 points, or 0.31 percent, to 11,070.35.
Meanwhile, after dropping to its year's low of 72.40 last week, the rupee rose to the one-month high of 71.27 against the US dollar on Thursday, Moneycontrol reported.
Earlier in the day, Hospitality firm OYO said it has partnered Mountania Developers to open its first premium upmarket hotel in Ahmedabad, news agency PTI reported.
Mountania Developers acquired the 64-suites property in Ahmedabad which will be operated under OYO brand by redesigning it into a premium upmarket hotel, the company said in a statement.
(With inputs from PTI and Moneycontrol)
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