Markets today opened on a negative note, with the BSE benchmark Sensex cracking over 850 points in early session.
Indian stock markets closed in red on Thursday with BSE Sensex diving 806.47 points to close at 35,169.16 and Nifty sinking 259 points at 10,599.25, news agency PTI reported.
Markets today opened on a negative note, with the BSE benchmark Sensex cracking over 850 points in early session as the rupee hit another low amid weak global cues and fears of widening current account deficit.
The 50-share Nifty tumbled nearly 250 points to test the 10,600-mark during the day.
#Sensex down by 806.47 points, currently at 35,169.16; Nifty down by 259 points, currently at 10,599.25
The rupee's plunge to a new record low of 73.72 against the dollar in early trade, too, weighed on investor mood.
Meanwhile, fuel prices across the country witnessed an unabated rise with petrol in Mumbai selling at Rs 91.34 per litre, while diesel rose to Rs 80.10 per litre. In Delhi, prices of petrol and diesel were hiked by 0.15 paise and 0.20 paise, respectively at Rs 84 per litre and Rs 75.45 per litre, respectively.
Union Finance Minister Arun Jaitley on Thursday noon announced relief to consumers by communicating government's decision to cut fuel prices by Rs 2.5.
According to the Finance Minister, while the excise duty has been cut by Rs 1.5, various oil marketing companies will also absorb Rs 1 giving a cumulative relief of Rs 2.5 on fuel prices to the consumers.