Sensex crashed by over 344 pts on capital outflows, rupee plunges by 42 paise

Stocks exchanges remained closed yesterday on account of ‘Guru Nanak Jayanti’.

Brokers said sentiments remained bearish on continued foreign fund outflows and weakness in emerging market currencies against the dollar since Donald Trump’s unexpected win in the US presidential election on November 8.

Besides, muted second quarterly earnings posted by some more bluechip companies accelerated selling activity, they added.

In the Asian region, Japan’s Nikkei fell 0.13 per cent, while Shanghai’s Composite index plunged 0.27 per cent in early trade. Hong Kong’s Hang Seng was up 0.37 per cent.

Meanwhile, the US Dow Jones Industrial Average ended 0.11 per cent higher in yesterday’s trade.

(Sourced from agencies, feature image courtesy:oneindia.ccom)