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BSE Sensex slips below 27,000 points due to India's falling exports

Speed News Desk | Updated on: 13 February 2017, 6:03 IST

The benchmark index, BSE Sensex has fallen below 27,000 points and is currently trading at 26,953.59 points due to exports falling for the 10th straight month in September.

Furthermore, profit-booking by participants after Thursday's gains dampened sentiments.The 30-share barometer dipped below the 27,000-mark by declining 51 points or 0.19 per cent to 26,959.14 in early trade on Friday with FMCG, realty, banking and metal sector stocks leading the fall.

The gauge rose by 230.48 points in Thursday's session.Also, the NSE Nifty was quoting 17.35 points or 0.21 per cent down at 8,162.15.Brokers said investors booked profit after weak economic data.

India's exports contracted for the 10th straight month by 24.33 per cent in September to $21.84 billion due to steep fall in shipments of petroleum productions, iron ore, and engineering goods amid tepid global demand, negatively impacted sentiments.

In Asian markets, Hong Kong's Hang Seng was up by 0.41 per cent, Japan's Nikkei up by 1.13 per cent, while Shanghai Composite index up 0.34 per cent in early trade on Friday.The Dow Jones Industrial Average ended 1.28 per cent higher in Thursday's trade.

With PTI inputs

First published: 16 October 2015, 7:40 IST