Both the Indian benchmark indices ended 1.52% lower due to the free fall of INR against the USD. INR hits the all time low of 58.92 per US dollar. 50 stock index Nifty breached the 5800 level & ended the day at 5788.80 down by 90 points while Sensex closed at 19143 tanked almost 300 points.
Jindal steel came under selling pressure as FIR has been lodged against four companies including JSPL in coal scam. CBI sources that it has registered fresh case in coal scam against four companies and two individuals which includes Naveen Jindal and former Minister of State, Coal, Dasari Rao.
Among the sectoral indices CNX metal fell down by -4.43% followed by CNX Realty (-3.80%) and CNX Commodities (-2.45%). All other sectoral indices also closed in negative terrain.
Out of 50 stocks of Nifty 11 stocks ended in green and 39 ended in red.
Top 5 Nifty gainers: Ambuja cement (1.85%), CIPLA (1.84%), Bajaj-Auto (1.01%), GAIL (0.61%) and Ranbaxy (0.57%) were among the top Nifty gainers.
Top 5 Nifty losers: Jindal Steel (-15.25%), Hindalco (-6.31%), Tata Power (-6.10), DLF (-4.23%) and ONGC (-4.02%) were among top losers.
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