Stock Market ends in the red; Sensex loses 500 points
The Indian stock market ended in the red on Tuesday, with the Nifty falling below the 23,900-mark and the Sensex dropping nearly 500 points.
On Tuesday morning, Indian stocks were generally stable with a bullish slant as statistics indicated that wholesale and retail inflation in the nation somewhat decreased last month.
From 7.41 percent the month before, retail inflation slowed to a three-month low of 6.77 percent in October. Additionally, after a long 18 months, wholesale inflation finally reached single digits in October.
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At 9.38 am, the Nifty was trading at 18,326.55 points, down just 2.60 points or 0.014 percent, while the Sensex was trading at 61,605.84 points, down 18.31 points or 0.03 percent.
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Additionally, compared to Monday’s closing of 81.26, the rupee rose marginally this morning to begin at 81.13.
As the US dollar index has significantly declined, the rupee has been strengthening against the global benchmark dollar in the majority of the most recent sessions. Other currencies benefit from the dollar’s decline.
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