Falling Markets
Nifty falls below 6,000 on U.S. stimulus, China worries
Nifty futures fell more than 2 percent in trade on Thursday as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey has sparked concerns about foreign investor selling. Nifty was below 6,000. Article | Graphic: Five-day Nifty movement
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Rupee keeps losses as stocks fall
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A man uses an electronic machine to check an Indian currency note at a money exchange shop in Siliguri February 5, 2008.
Credit: Reuters/Rupak De Chowdhuri/Files
Reuters Market Eye - The rupee keeping losses as local stocks remain in red, oil buying supports, say dealers. Pair at 53.34/35 vs 53.285/295 last close. It has traded in a 53.2050-53.42 band.
Pair earlier fell to a low of 53.2050, which dealers say was largely due to selling by a private petrochem company.
Dealers cite good two-way interest with some flow-related selling and subsequent oil buying.
Some selling may come in if pair rises to 53.45-53.48 levels, adds dealer.
(Reporting by Subhadip Sircar)
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