Benchmark indices erase all intraday gains; selling in IT, metal, media, oil & gas
Sensex closed 189 points, or 0.25 per cent, lower at 74,482.78 while the Nifty 50 closed the day at 22,604.85, down 39 points, or 0.17 per cent.
The Rupee was trading lower by four paise at 67.05 against the US Dollar in early trade on Monday at forex market as the American unit strengthened overseas amid a lower opening of the domestic equity market.
Forex dealers said increased demand for the US currency from importers and the greenback's gains against other currencies overseas, put pressure on the Rupee.
On Friday, the Rupee had gained 6 paise to end at 67.01 due to fag-end Dollar selling by banks and exporters in view of weakness in the greenback overseas amid persistent rise in equities.
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Meanwhile, the benchmark BSE Sensex fell by 40.24 points, or 0.14 per cent, to 28,428.51 in early trade.
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