Sensex cracks 200 points; Nifty below 10,100; Rupee hits 5-month low

Benchmark indices opened on a negative note on Friday amid a sharp fall in rupee, a likely slowdown in domestic economic growth and heightened concerns over Korean Peninsula. At 9.25 am, the BSE Sensex was trading 201.14 points, or 0.62 per cent, lower at 32,168.90. The Nifty50 was ruling at 10,057.15, down 64.75 points, or 0.64 per cent.
The midcap and smallcap indices fell up to 0.8 per cent lower.Nearly 2 per cent in September series along with good amount of long additions, stronger hands remained pessimistic and were sellers in equities as well as index futures segment. At the same time, they have nearly doubled their shorts in index futures, resulting ‘Long Short Ratio’ declining to 53 per cent from 71 per cent seen during beginning of current series. We believe weaker hands were driving the market, which certainly made us uncomfortable to trade in index.