Sensex reverses gains to end 170 points lower on weak rupee
Tuesday - October 9, 2018 4:06 pm ,
Category : BUSINESS
Sensex reverses gains to end 170 points lower on weak rupee (Second Lead)
Mumbai Oct 9: India s key equity indices reversed the day s gains to end lower as the domestic currency touched a new low against the US dollar.
The S&P BSE Sensex lost over 170 points. The National Stock Exchange s Nifty slid but clung on to the psychologically-important 11 300-point mark.
Heavy selling was witnesssed in almost all the sectors led by consumer durables auto and FMCG stocks.
The Indian rupee slipped to a new low of 74.27 to a US dollar during the mid-afternoon session on Tuesday. At the Inter-Bank Foreign Exchange Market it had opened at 73.85 from its previous close of 74.07.
At 3.30 p.m. the Nifty50 provisionally closed at 10 301.05 down 47.00 points or 0.45 per cent.
The benchmark Sensex which had opened at 34 651.82 settled at 34 299.47 down 174.91 points or 0.51 per cent from the previous close.
The Sensex touched an intra-day high of 34 711.68 points and a low of 34 233.50.
--IANS
The S&P BSE Sensex lost over 170 points. The National Stock Exchange s Nifty slid but clung on to the psychologically-important 11 300-point mark.
Heavy selling was witnesssed in almost all the sectors led by consumer durables auto and FMCG stocks.
The Indian rupee slipped to a new low of 74.27 to a US dollar during the mid-afternoon session on Tuesday. At the Inter-Bank Foreign Exchange Market it had opened at 73.85 from its previous close of 74.07.
At 3.30 p.m. the Nifty50 provisionally closed at 10 301.05 down 47.00 points or 0.45 per cent.
The benchmark Sensex which had opened at 34 651.82 settled at 34 299.47 down 174.91 points or 0.51 per cent from the previous close.
The Sensex touched an intra-day high of 34 711.68 points and a low of 34 233.50.
--IANS
