Sensex Down 170 Points On Capital Outflow Worries; Nifty Sheds 58 Points


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(RTTNews.com) - Indian shares followed Asian peers lower on Friday as rallying oil prices lifted inflation expectations and a rise in U.S. Treasury yields stirred worries about capital outflows.

The rupee opened marginally higher at 68.28 as the dollar fell against a basket of currencies ahead of the monthly U.S. jobs report due tonight.

The benchmark BSE Sensex was down 172 points or 0.65 percent at 26,388 in early trade after falling slightly on Thursday to snap a four-day winning streak. The broader Nifty index was down 58 points or 0.71 percent at 8,134.

Maruti Suzuki India dropped half a percent despite posting double digit sales growth in November.

Wipro edged down marginally despite winning a three-year IT infrastructure services and digital transformation contract from an Australian firm.

IndusInd Bank fell more than 2 percent on fund raising reports.

Tata Motors rose 0.2 percent on reporting flat November sales.

Shares of Apollo Hospital Enterprise gained 1 percent. Its unit Apollo Health and Lifestyle has raised Rs, 450 crore by selling 29 percent equity stake to World Bank arm International Finance Corporation (IFC) and IFC Asset Management Company.

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Referenced Symbols: 532187 , 532500 , LLY , TTM , WIT


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