Sensex at 8 months lowest point

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Mumbai:Indian shares fell on Tuesday to close at their lowest level in about eight months on worries China’s potential inclusion in the MSCI Emerging Market index may tactically hurt portfolio flows, while exporters declined on the rupee’s strength. The rupee ended near a month’s low of 64.09 to the dollar, compared with the previous close of 63.76. It opened at 64.04 and during intra-day trade,touched a low of 64.17, where it had ended on May 12.

US index provider MSCI will announce later in the day whether it would push ahead with plans to include the so-called China ‘A’ shares in its Emerging Markets Index, a decision that MSCI says would draw $400 billion to China stocks over time. The 30-share BSE index Sensex ended lower by 41.84 points or 0.16 per cent at 26,481.25 and the 50-share NSE index Nifty fell 21.75 points or 0.27 per cent to 8,022.40.

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