Stock Market News

Rupee Touches All Time Lowest, Stock Markets Down

Sharing is caring!

Key Indian equity indices closed in the negative territory as the rupee slumped to an all-time low, while weak global cues further subdued the sentiments, analysts said.

The Indian currency earlier in the day plunged to 70.55 per dollar, the lowest-ever level, which dampened the domestic investor sentiments.

Although the indices had opened on a positive note, with the S&P BSE Sensex opening at an all-time high of 38,989.65 points, they could not hold on the gains.

At 3.30 p.m, the Nifty50 on the National Stock Exchange (NSE) provisionally closed at 11,691.90 points, lower 46.60 points or 0.40 per cent from its previous close.

The benchmark BSE Sensex, which had opened at 38,989.65 points, closed at 38,722.93 points, lower 173.70 points or 0.45 per cent from the previous close of 38,896.63 points.

It touched an intra-day low of 38,679.57 points.

The top gainers on the Sensex were ONGC, State Bank of India, Tata Motors (DVR), Tata Steel and Tata Motors, while Coal India, Reliance Industries, Power Grid, Yes Bank and IndusInd Bank lost the most.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: