Sensex sheds around 100 points; Nifty maintains 11,900 mark

WION Web Team New Delhi May 29, 2019, 10.07 AM(IST) May 29, 2019, 10.09 AM(IST)

File photo. Photograph:( PTI )

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Sensex and Nifty hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues on Tuesday. 

The domestic stock market on Wednesday opened in red with BSE Sensex dropping around 100 points and NSE Nifty struggling to maintain 11,900 mark after losing nearly 25 points in morning trade. 

Sensex and Nifty hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues on Tuesday, continuing to exhibit their record-setting spree for a third day in a row.

After swinging over 300 points in a highly volatile session, the 30-share index ended 66.44 points, or 0.17 per cent, higher at 39,749.73 - its all-time closing high. The gauge hit an intra-day high of 39,828.65 and a low of 39,498.65.

Likewise, the broader NSE Nifty inched 4 points, or 0.03 per cent, higher to 11,928.75 -- another closing peak for the index. During the day, the bourse hit a high of 11,958.55 and a low of 11,864.90. 

Meanwhile, the rupee Tuesday declined by 18 paise to close at 69.69 against the US currency, weighed down by month-end dollar demand from importers and rising crude oil prices.

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