Closing Bell: Double whammy for
D-Street! Weak rupee, higher crude hit Sensex, Nifty ends below 11,550.
Weakness
in Indian rupee, along with higher crude oil prices weighed on equity
benchmarks on Tuesday, with the Nifty giving up 11,550 as well.
Selloff
resumed in the last hour of trade after seeing choppy trade through the larger
part of day.
At the
close of market hours, Sensex closed down 154.60 points or 0.40% at 38157.92,
while the Nifty fell 62.10 points or 0.54% at 11520.30. The market breadth is
negative as 758 shares advanced, against a decline of 1,983 shares, while 152
shares were unchanged.
Infosys,
Tech Mahindra, TCS and HCL Tech Mahindra were the top gainers, while Asian
Paints, SBI, Grasim and Indiabulls Housing were the top losers.
HEADLINES OF THE DAY
Indian rupee plunges to fresh lows; surpasses 71.50/$.
Infosys jumps 4.4% as stock adjusts for bonus issue, rupee hits
record low.
Reliance Home Finance in exclusive talks with an overseas investor
for equity investment.
TCS m-cap hits Rs 8 lakh crore as rupee fall boosts IT stocks.
The crucial resistance for
Nifty spot is now seen at 11650 and above this 11800 Support for the immediate
term is now placed at 11480 next support will be 11350.
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