Foreign funds were net sellers of equities for the first time in 30 days and the central bank stepped in to halt the rupee’s slide past 63 on Thursday, as fears of a liquidity squeeze if the US Federal Reserve cuts its monthly bond purchases came back to haunt markets again. Stocks fell the most in two-and-a-half months, eroding investor wealth of 1.16 lakh crore, while the rupee slipped 36 paise to end at 62.94, off an intra-day low of 63 to the dollar. The Sensex shed 406 points, or 1.97%, to 20,229 while the Nifty fell 124 points, or a tad over 2%, to close at 5,999, its first closing below 6,000 in one month.

Source : http://economictimes.indiatimes.com/markets/stocks/market-news/dollar-fed-dalal-street-tanks-on-tapering-fears-first-fii-selling-in-one-month/articleshow/26169465.cms

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