Sensex closes 154 points lower at 38,157, Nifty ends at 11,520
sensex
The rupee declined to a fresh all-time low of 71.43 against the US dollar per dollar on Tuesday, cementing its position as Asia's worst performing currency.
Stock market indices extended their decline to the fifth session after Sensex fell 154 points today, dragged down by FMCG and banking stocks. The Nifty suffered a 62-point loss to settle at 11,520.
The rupee declined to a fresh all-time low of 71.43 against the US dollar per dollar on Tuesday, cementing its position as Asia's worst performing currency. At this level, the rupee has depreciated more than 10 per cent so far this calendar year.
Shares of Infosys (up 2.64%), TCS (up 1.86%), Axis Bank (up 1.39%), Wipro (up 1.42%), Reliance Industries (up 0.97%), HDFC (up 0.79%) were the only gainers among all the components of BSE Sensex index.
All the sectoral indices of NSE closed in red barring Nifty IT (up 2.06%) with Nifty PSU Bank (down 3.55%), Nifty Media (down 2.95%), Nifty FMCG (down 2.08%), Nifty Metal (down 1.94%), Nifty Realty (down 1.85%), Nifty Auto (down 1.6%), Nifty Pharma (down 1.49%), Nifty Bank (down 1.4%), Nifty Private Bank (down 1.18%) and Nifty Financial Services (down 0.94%).
A market-wide sell-off was seen in Indian equities on Tuesday as all the broader market indices of NSE concluded in deep red with Nifty Next 50 (down 3.05%), Nifty Midcap 50 (down 3.08%), Nifty Midcap 100 (down 2.72%) and Nifty Smallcap 100 (down 2.59%).