Source: Agencies01 Apr 2016 17:51:49
Mumbai, April 1: The new fiscal commenced on a cautious note with the market benchmark Sensex closing 72 points lower at 25,269.64 as depressed stocks in Asia and Europe forced investors to book profit while selling in heavyweights energy and IT stocks also added to the fall.
Both the indexes fell for the first time in five weeks as BSE Sensex dropped 67.92 points or 0.26 per cent while NSE Nifty shed 3.45 points or 0.04 per cent.
Yesterday, in its worst show in four fiscals, Sensex had ended 2015-16 with a yearly plunge of 9.36 per cent, leaving investors poorer by nearly Rs 7 lakh crore as global headwinds and foreign fund outflows pounded domestic equities.
Moreover, in the first outflow of overseas funds from Indian capital markets in seven years, foreign investors took out an estimated Rs 18,000 crore during fiscal 2015-16.
On the day, massive plunge in Tokyo, resumption in fall of oil prices, investors waiting for US jobs data for more cues and caution ahead of domestic earnings season took a toll on the equities.