GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Sensex Suffers More Losses as Rupee Hits Record Low

Lingering trade war concerns between the US and China accelerated selling on the domestic bourses.

PTI

Updated:June 28, 2018, 10:41 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Suffers More Losses as Rupee Hits Record Low
Representative image
Loading...
Mumbai: Benchmark Sensex fell over 90 points in early trade on Thursday after the rupee sank to a lifetime low of 69.10 against the US dollar amid firming crude oil prices.

There was also caution among investors on the expiry day of the June series derivatives contracts, brokers said.

The 30-share index, which had lost 272.93 points in the previous session, fell further by 90.26 points, or 0.25 per cent to 35,126.85.

The NSE Nifty also dropped by 31.30 points, or 0.29 per cent, to 10,640.10.

Sectoral indices led by realty, capital goods, PSU, oil and gas, infrastructure, banking and power remained in the negative zone, declining up to 1.43 per cent.

Brokers said market sentiment was fragile following the rupee hitting a new low of 69.10 against the dollar amid rising crude oil rates.

Brent crude was trading at nearly USD 78 a barrel in Asian trade on Thursday.

Besides, lingering trade war concerns between the US and China accelerated selling on the domestic bourses, they added.

The laggards included NTPC, Coal India, L&T, Hero MotoCorp, ICICI Bank, Power Grid, SBI, Tata Motors, Adani Ports, Asian Paints, HDFC Ltd, Maruti Suzuki, Yes Bank and Bajaj Auto, falling up to 2.48 per cent.

Bucking the trend, stocks of software exporter such as Infosys, TCS and Wipro were trading higher by up to 2.12 per cent, largely supported by a weak rupee.

In Asia, Japan's Nikkei was down 0.20 per cent, while Hong Kong's Hang Seng index rose 0.44 per cent in early deals. Shanghai Composite Index too was up 0.20 per cent.

The US Dow Jones ended lower by 0.68 per cent in Wednesday's trade.
| Edited by: Naqshib Nisar
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 205.80 -7.46
Reliance 1,094.70 -0.30
Maruti Suzuki 7,489.95 1.64
ICICI Bank 373.85 1.98
Axis Bank 630.90 2.97
Company Price Change %Gain
Yes Bank 205.85 -7.48
Maruti Suzuki 7,480.00 1.46
HUL 1,703.00 -0.88
ITC 276.55 0.04
Infosys 663.95 1.61
Top Gainers
Company Price Change %Gain
Adani Ports 345.00 3.92
Tata Motors 182.50 3.22
Titan Company 921.00 3.23
Axis Bank 630.90 2.97
Tech Mahindra 720.75 2.93
Company Price Change %Gain
Adani Ports 344.95 4.09
Tata Motors 182.60 3.28
Axis Bank 630.80 2.95
Hero Motocorp 2,916.90 2.19
ICICI Bank 374.10 2.05
Top Losers
Company Price Change %Gain
Grasim 804.00 -8.26
Yes Bank 205.80 -7.46
Indiabulls Hsg 786.00 -6.35
UltraTechCement 3,848.35 -1.75
GAIL 347.65 -1.39
Company Price Change %Gain
Yes Bank 205.85 -7.48
Coal India 263.35 -0.85
Sun Pharma 515.50 -0.93
HUL 1,703.50 -0.86
M&M 766.70 -0.48

Live TV

Loading...
Loading...