Stock market ends five-day winning streak
At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.
The Rupee ruled higher against the Dollar, rising 9 paise to 67.90 in early trade at the Inter-bank Foreign Exchange on Friday on increased selling of the US currency by exporters and banks.
Forex dealers said that besides selling of the American unit by exporters, the Dollar's weakness against some currencies overseas supported the Rupee but a lower opening of the domestic equity market restricted the gains.
The local currency had depreciated by eight paise to settle at 67.99 against the greenback on WednesdayThursday on massive capital outflows that induced further instability to the currency markets.
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Meanwhile, the benchmark BSE Sensex fell by 64.19 points, or 0.25 per cent, to trade at 25,915.41 in early trade.
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