<p class="rtejustify" id="thickbox_headline">The benchmark BSE Sensex dropped 61 points and settled below the 35,000 mark on Monday, tracking weak Asian stocks amid uncertainty around the China-US trade war, fall in rupee and unabated foreign fund outflows.</p>.<p class="rtejustify">The Sensex fell below the 35,000-level to touch a low of 34,811.60 due to heavy selling pressure in view of foreign capital outflows and weak global cues.</p>.<p class="rtejustify">However, fag-end buying helped to trim losses and the index closed at 34,950.92 with a fall of 60.73 points, or 0.17 per cent.</p>.<p class="rtejustify">The gauge had rallied almost 580 points on Friday.</p>.<p class="rtejustify">The broader NSE Nifty, after slipping below the 10,500-mark to hit a low of 10,477, finally concluded 29 points, or 0.27 per cent, down at 10,524.</p>.<p class="rtejustify">The rupee depreciated 67 paise, to 73.12 (intra-day) against the dollar too had a negative influence.</p>.<p class="rtejustify">The market was volatile in a narrow range due to weak global cues and selling pressure in pharma, FMCG and auto, analysts said.</p>.<p class="rtejustify">"Rupee weakened on account of crunch in domestic liquidity while a gradual decline in yield may ease the concern. Investors’ were a bit conservative in the holiday-shortened week due to uncertainty regarding US-China trade deal and Fed policy," they added.</p>.<p class="rtejustify">Meanwhile, foreign institutional investors (FIIs) sold shares worth a net of Rs 196.90 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 852.99 crore.</p>
<p class="rtejustify" id="thickbox_headline">The benchmark BSE Sensex dropped 61 points and settled below the 35,000 mark on Monday, tracking weak Asian stocks amid uncertainty around the China-US trade war, fall in rupee and unabated foreign fund outflows.</p>.<p class="rtejustify">The Sensex fell below the 35,000-level to touch a low of 34,811.60 due to heavy selling pressure in view of foreign capital outflows and weak global cues.</p>.<p class="rtejustify">However, fag-end buying helped to trim losses and the index closed at 34,950.92 with a fall of 60.73 points, or 0.17 per cent.</p>.<p class="rtejustify">The gauge had rallied almost 580 points on Friday.</p>.<p class="rtejustify">The broader NSE Nifty, after slipping below the 10,500-mark to hit a low of 10,477, finally concluded 29 points, or 0.27 per cent, down at 10,524.</p>.<p class="rtejustify">The rupee depreciated 67 paise, to 73.12 (intra-day) against the dollar too had a negative influence.</p>.<p class="rtejustify">The market was volatile in a narrow range due to weak global cues and selling pressure in pharma, FMCG and auto, analysts said.</p>.<p class="rtejustify">"Rupee weakened on account of crunch in domestic liquidity while a gradual decline in yield may ease the concern. Investors’ were a bit conservative in the holiday-shortened week due to uncertainty regarding US-China trade deal and Fed policy," they added.</p>.<p class="rtejustify">Meanwhile, foreign institutional investors (FIIs) sold shares worth a net of Rs 196.90 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 852.99 crore.</p>