Sensex Ends Lower Again; Rupee At New 2015 Low of 64

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Benchmark indices fell for the second straight day with the Nifty briefly falling below the 8000 mark, before recovering in the last 30 minutes. This was exactly 1000 points below the record of 9000 points hit in early March, 2015.

    Sensex Ends Lower Again; Rupee At New 2015 Low of 64
    Sustained selling by foreign funds for the second day in a row saw the Sensex close lower by 118 points, while the Nifty fell 40 points in trade.

    The rupee also weakened beyond the 64 levels, raising fresh worries that petrol prices would be hiked leading to inflation.

    Banking stocks came in for heavy selling pressure with private sector banking stocks like Axis Bank, ICICI Bank, IndusInd Bank and Yes Bank losing heavy ground.

    PSU banking stocks plunged in trade with Oriental Bank of Commerce and Bank of India among the major losers.

    Some buying in Tata Consultancy Services managed to support the index. The stock ended the day higher by more than 2 per cent. Apart from TCS, HCL Tech and Wipro also showed some smart gains.

    IDFC was the top loser in trade today shedding more than 4 per cent. SKS Micro Finance fell after Morgan Stanley sold shares in the company.

    Asian markets also ended the day weak following poor cues from US markets.

    Read more about: sensex nifty
    Story first published: Thursday, May 7, 2015, 15:32 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more