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In sectors, the Nifty FMCG index slipped 0.9 per cent, weighed by fall in Godrej Consumer Products and Hindustan Unilever (HUL), which lost 2.7 per cent to end the day at Rs 1,606 levels.

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	The benchmark indices settled lower as investors stayed cautious due to sliding rupee, surging bond yields, and oil prices.<br />
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	The S&P BSE Sensex ended at 38,018, down 140 points while the broader Nifty50 index settled at 11,477, down 43 points.<br />
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	Earlier in the day, the rupee pared its initial gains to drop to a fresh all-time low of 71.97 against the US dollar in intra-day deals.<br />
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	Among key stocks, Reliance Industries (RIL) fell around 1.5&nbsp;per cent&nbsp;at Rs 1,224 levels and was among the top Sensex losers.<br />
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	<strong>FMCG stocks weak</strong><br />
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	In sectors, the Nifty FMCG index slipped 0.9&nbsp;per cent,&nbsp;weighed by fall in&nbsp;Godrej Consumer Products and Hindustan Unilever (HUL), which lost 2.7&nbsp;per cent to end the day at Rs 1,606 levels.<br />
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	While most analysts believe the fundamentals of FMCG stocks continue to be strong, the concern is largely on absolute valuations and the premium the sector gets, as compared to the broader markets. <a href="https://www.business-standard.com/article/companies/fmcg-stocks-fundamentals-continue-to-be-strong-but-valuations-too-high-118090500024_1.html" target="_blank"><strong>READ MORE HERE</strong></a></div>
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<strong>India&#39;s services growth slows in August</strong><br />
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India&#39;s dominant services sector expanded at a slower pace last month than in July as weaker demand and rising input costs kept a lid on hiring, a private survey showed on Wednesday.<br />
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The Nikkei/IHS Markit Services Purchasing Managers&#39; Index (PMI) declined to 51.5 in August from a 21-month high of 54.2 in July.<br />
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	<strong>Global Markets</strong><br />
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Stock markets fell in Asia on Wednesday and the safe-haven dollar hovered near a two-week high as heightened worries over international trade conflicts and emerging market weakness curbed investors&#39; appetite for riskier assets.<br />
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		MSCI&#39;s broadest index of Asia-Pacific shares outside Japan was down 1 per cent, hitting a two-week trough. Japan&#39;s Nikkei shed 0.25 per cent. The Shanghai Composite Index retreated 0.9 per cent, weighed down by expectations the United States will impose more tariffs on Chinese goods this month, adding to pressure on China&#39;s cooling economy.</div>
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	<em>(with wire inputs)</em></div>
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MARKET WRAP: Sensex ends 140 pts down, FMCG stocks slip; Rupee hits new low

Business Standard

MARKET WRAP: Sensex ends 140 pts down, FMCG stocks slip; Rupee hits new low | News on Markets - Business Standard

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	<strong>US markets end lower</strong></div>
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	US stocks fell on Tuesday as trade concerns lingered and declines in Facebook and Nike shares weighed on Wall Street&rsquo;s major indexes, though data showing US manufacturing activity accelerated in August kept losses in check.&nbsp;</div>
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	The Dow Jones Industrial Average fell 12.34 points, or 0.05 per cent, to 25,952.48, the S&amp;P 500 lost 4.8 points, or 0.17 per cent, to 2,896.72 and the Nasdaq Composite dropped 18.29 points, or 0.23 per cent, to 8,091.25.</div>

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