business

Share market in the red due to weak rupee

After the weakness in rupee and negative sentiment from markets across the world, there has been a panic in the Indian market too. During the trading, the Sensex is trading around 430 points less compared to December 5 at 35,453 levels.

The Nifty also weakened more than 143 points and came closer to 10,638. All 11 indices on the Nifty are trading with loss. On the other hand, the stock of Sun Pharma and Power Grid gained momentum.

Top losers include Vedanta, Indiabulls Housing Finance, Yes Bank, Hindalco, Tata Steel and JSW Steel. At the same time, top generators include Sunpharma, Powergrid and UPL.

The Sensex closed nearly 250 points down at 35,884 on Wednesday, while the Nifty also dropped 85 points to 10,784. Looking at the decision taken at the RBI meeting on Wednesday, investors were vigilant from the beginning. Because of this, the start of business started with the decline.

Earlier, Tuesday’s stock was not well for the Indian stock market, and the Sensex dropped 107 points to 36,134, while the Nifty also slipped to 10869. On the same day, the continuation of the rally continued for the sixth consecutive trading session. On Monday, the Sensex closed at 36,241, with a slight improvement of 47 points, while the National Stock Exchange’s Nifty closed at 7,883.75 with a gain of 7 points.

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