ECONOMY ANALYSIS
Chances of India downgrade higher than for Indonesia: S&P
Russia says ballistic 'objects' fired in Mediterranean
2G case: SC rejects plea, hearings at trial court only
Need 25-30% airfare hike, falling demand a worry: SpiceJet
Bharti jumps 2% on revision of selective postpaid rates
Kingfisher seeks $236m in damages from engine-maker
MARKET ANALYSIS
The S&P BSE Sensex snapped its three-day winning streak and fell over 700 points on Tuesday as cautious buyers chose to remain on the sidelines thanks to a weak rupee which plunged over 3 per cent in trade today to 68.05.
Analysts say the market is likely to continue with its downward momentum as the pull-back rally seems to have fizzled out.
The rupee weakened against the US dollar for a second day in a row on the back of demand from oil importers and as the greenback appreciated against other global currencies.
The Nifty was at 5,324.65, down 226.10 points or 4.07 per cent. It touched a high of 5,580.95 and a low of 5,323.75 in trade today.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 18234.66 -651.47 -3.45
NIFTY 5341.45 -209.30 -3.77
BANK NIFTY 8664.20 -475.30 -5.20
0 comments:
Post a Comment