Indian Stock Market Updates ~ Sensex Closed Down 192 points

By | 24 November 2016

stock-market-crashEquity benchmarks indices cracked two-day winning streak Thursday with the Nifty closing below 8000 level amid consistent weakness in rupee and expiry of November subordinate contracts. Continued disruption in Rajya Sabha by opposition parties over demonetization also dented market idea.

The Sensex down 191 points at 25860. The NSE Nifty closed with a loss of 68 points at 7,965 while the broader markets outperformed benchmarks. The BSE Mid-cap and Small-cap indices declined only 0.1 percent as the market breadth was positive. About 1336 shares advanced against 1222 declining shares on the exchange.

The Indian Rupee marginally down at 68.73 per US dollar. Earlier in the day, the Rupee had crashed to a nearly 39-month low of 68.84 amid sustained foreign fund outflows and the green back’s surge in overseas markets.

On the global mareket, Japanese market Nikkei 170 points was up 18333, Shanghai Composite was marginally up and Hang Seng down over 68 points While, European market FTSE was marginally down 20 points at 6798, DAX was up13 points and the CAC 8 points up 10675.

Among the 50-stocks of Nifty, Hindalco, Bank of Baroda, Power Grid Corp, ACC, Ambuja Cements were among the Top Gainers on NSE, whereas Zee Entertain, Tata Motors, Tata Motors (D), Kotak Mahindra, Eicher Motors were among the Top Losers today.