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.
Although the broader market was a bit lacklustre, sustained buying in cement and select pharma counters was seen during the day, he added.
The Rs 702-crore initial public offering of Happiest Minds Technologies, promoted by Ashok Soota.
On the broader front, the S&P BSE MidCap and SmallCap ended with gains at 1.5 per cent and 0.85 per cent respectively.
RBI has left the benchmark repurchase (repo) rate unchanged at 4 per cent.
HDFC, Axis Bank, PowerGrid, SBI, Bajaj Finserv and Bharti Airtel were among other top laggards that pulled down the Sensex from gaining.
