Weak rupee depresses equity indices; banking stocks fall (Second Lead)
Tuesday - September 4, 2018 4:20 pm ,
Category : BUSINESS
Weak rupee depresses equity indices; banking stocks fall (Second Lead)
Mumbai Sep 4 (IANS) Broadly negative global cues coupled with a weak rupee depressed the Indian equity markets on Tuesday.
According to market observers heavy selling pressure was witnessed in consumer durables banking and auto stocks.
At 3.30 p.m. the Nifty50 on the National Stock Exchange (NSE) provisionally closed at 11 520.30 points lower 62.05 points or 0.54 per cent from its previous close of 11 582.35 points.
The benchmark S&P BSE Sensex which had opened at 38 460.96 points provisionally closed at 38 157.92 points lower 154.60 points or 0.40 per cent from the previous close of 38 312.52 points.
The S&P BSE Sensex registered an intra-day high of 38 518.56 points and a low of 38 098.60 points during the day s trade.
--IANS ravi-rv/sed
According to market observers heavy selling pressure was witnessed in consumer durables banking and auto stocks.
At 3.30 p.m. the Nifty50 on the National Stock Exchange (NSE) provisionally closed at 11 520.30 points lower 62.05 points or 0.54 per cent from its previous close of 11 582.35 points.
The benchmark S&P BSE Sensex which had opened at 38 460.96 points provisionally closed at 38 157.92 points lower 154.60 points or 0.40 per cent from the previous close of 38 312.52 points.
The S&P BSE Sensex registered an intra-day high of 38 518.56 points and a low of 38 098.60 points during the day s trade.
--IANS ravi-rv/sed
