The NSE benchmark Nifty fell 19.65 points, or 0.24 per cent, to trade at 8,060.30.
Sentiments took a hit after the US Federal Reserve chief indicated the US may hike interest rates next month, leading to acceleration in capital outflows by foreign funds, traders said.
Moreover, prevailing cash crunch following the government’s demonetisation decision has severely impacted select sectors like real estate, consumer goods and metal.
Besides, a mixed trend on other Asian bourses also influenced the trading momentum.
Shanghai Composite Index shed 0.16 per cent while Japan’s Nikkei was up 0.84 per cent in morning trade today. Hong Kong’s Hang Seng rose 0.20 per cent.
The US Dow Jones Industrial Average ended 0.19 per cent higher in yesterday’s trade.
(Sourced from agencies, feature image courtesy:newsbharati.com)
