Stock Market ends in the red; rupee touches a record low
The Indian Stock Market ended lower on Friday amid weakness in select sectors while the Indian rupee also touched a record low, weighing on market sentiment.
The Indian Stock Market ended lower on Friday amid weakness in select sectors while the Indian rupee also touched a record low, weighing on market sentiment.
The bloodbath on Dalal Street on Tuesday continued with the benchmark indices, the BSE Sensex and the Nifty 50, declined for the fourth consecutive session amid mixed global cues.
Indian stock market declined on Friday amid rising crude oil prices and weak global market trends.
Indian Stock Market on Tuesday pared losses from previous session amid broad-based selling, led by financial, IT, and auto stocks.
Investors earned about Rs 6 lakh crore as the overall market capitalisation of BSE-listed firms rose to Rs 451 lakh crore from nearly Rs 445 lakh crore in the previous session.
At 9.21 am, Sensex traded at 59,705.32, down just 14.42 points or 0.024 per cent, whereas Nifty traded at 17,812.85 points, down 3.40 points or 0.019 per cent.
Investors seemed to have already discounted the possible rate hikes by major central banks, including the US Federal Reserve. Positive cues from the overnight US markets too lent support.
Sensex and Nifty were trading 0.1 per cent lower each. Among the Nifty 50 companies, 25 declined and the rest 25 advanced this morning
At 9.26 am, Sensex traded at 59,598.92 points, down 335.09 points or 0.56 per cent, whereas Nifty traded at 17,784.25 points, down 93.15 points or 0.52 per cent.
Coming to the domestic indices, at 9.24 am, Sensex traded at 59,977.47 points, down 593.61 points or 0.98 per cent, whereas Nifty traded at 17,904.35 points, down 165.70 points or 0.92 per cent.
