Categories: BusinessNews

Share Market: Indian stock market fell for the second consecutive day, Rupee also fell to all time low, know the reason

Share Market Closing Bell: Indian stock market opened with decline for the second consecutive day amid global cues. After this, there was an atmosphere of chaos in the market throughout the day. On the other hand, the Indian currency rupee fell to all-time low. BSE Sensex fell by 140 points in the stock markets. The market fell due to the fall in auto, people-oriented services companies and commodity stocks amid capital withdrawal by foreign institutional investors (FIIs). In volatile trading, the Sensex based on 30 shares closed at 65,655.15 points with a fall of 139.58 or 0.21 percent. At one time during trading it had fallen to 246.93 points. National Stock Exchange’s Nifty also slipped 37.80 points or 0.19 percent and closed at 19,694 points. Among Sensex companies, Bajaj Finance, Mahindra & Mahindra, UltraTech Cement, Bajaj Finserv, Asian Paints, Hindustan Unilever, Tata Motors and JSW Steel were major losers. On the other hand, the profitable stocks include Bharti Airtel, Wipro, HCL Tech, Tech Mahindra, Tata Consultancy Services (TCS) and Maruti.


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