BSE Midcap and Smallcap indices fell by about one percent each.
The trend of decline in the stock market continued on Wednesday also. The benchmark Sensex of Bombay Stock Exchange (BSE) closed at the level of 80,182.20 with a huge fall of 502.25 points on December 18. Similarly, Nifty of National Stock Exchange (NSE) also closed at the level of 24,198.85 with a sharp fall of 137.15 points. Besides, Nifty Bank also fell by 695.25 points and closed at the level of 52139.55.
Movement in these shares
During today’s trading, except Pharma, all other indices closed in the red. Auto, Energy, PSU Bank, Media, Realty saw a decline of 0.5-2 percent. Trent, Dr Reddy’s Labs, Cipla, Wipro and Reliance Industries were the top gainers on the Nifty, while Tata Motors, Bharat Electronics, Power Grid Corp, JSW Steel and NTPC declined. Apart from this, BSE Midcap and Smallcap indices recorded a decline of about one per cent each.
Indian blue-chip equity indices declined on Wednesday. The declining trend from the last session continues. This is because investors were waiting for the Federal Reserve’s last monetary policy decisions of the year. Banking, auto and energy stocks dragged down the indices during trading.
Rupee weakened by 3 paise
The rupee on Wednesday fell 3 paise to close at an all-time low of 84.94 (provisional) against the US dollar as traders awaited cues from the US Fed on the interest rate front. According to PTI news, forex traders said dollar demand from importers as well as foreign banks, foreign fund withdrawals and subdued trend in domestic equities further weighed on investor sentiments.
At the interbank foreign exchange, the rupee opened at 84.92 against the dollar and touched 84.95 during intra-day trade. It finally closed at all-time low of 84.94 (provisional) with a fall of 3 paise. Earlier last Tuesday, the rupee had closed at its all-time low of 84.91 against the US dollar.
Latest Business News