File photo. Photograph:( Zee News Network )
Indian shares closed 1 per cent lower on Monday, dragged by oil marketing companies and financials.
Markets closed on a low note on Monday as Sensex tanked 345.56 points to end at 34,812.99. Nifty dipped by 103 points to 10,482.20, news agency PTI reported. Both indexes closed lower for a second straight session.
Indian shares closed 1 per cent lower on Monday, dragged by oil marketing companies and financials, while investors were cautious ahead of key inflation data due later in the day.
The Indian currency on Monday further weakened against the dollar, dipping by 54 paise to 73.04, owing to increased demand for the American currency from importers amid increasing global crude oil prices.
International benchmark Brent crude was trading higher by 2.04 per cent at $71.61 per barrel.
On Friday, the rupee rose by 50 paise to end at 72.50 per dollar on increased selling of the greenback by exporters amid softening crude oil prices, which slipped below the $70 per barrel mark, news agency PTI reported.
Markets on Monday opened in green with Sensex recovering over 155 points, while the NSE Nifty breached the 10,600-mark.
(With inputs from agencies)