Indian equity markets witnessed weak session today and remained in the negative terrain throughout the day though pared some intraday losses in the last hour of the trading session as buying activity picked up near support levels with positive opening of European markets. 50 stocks Nifty ended the day at 5,811.55 down by 56.35 points while Sensex ended the day at 19,324.77 plunged by 171.05 points.
Weak rupee puts Indian equities under pressure as it widened the current account deficit. INR crossed the level of 61 due to dollar strengthening following better than expected jobs data in the US and hits the all time low of 61.21 against the US dollar.
Among the sectoral indices CNX FMCG gained 0.63% and was the biggest gainer while CNX PSE (-2.39%) was the biggest loser followed by CNX Realty (-2.01%) and CNX Finance (-1.96%).
Out of 50 stocks of Nifty 16 stocks advanced while 34 stocks declined.
Top 5 Nifty gainers: IndusInd (3.98%), HCL (3.07%), BHEL (2.74%), Reliance Infrastructure (2.48%) and ACC (1.74%) were top index gainers.
Top 5 Nifty losers: BPCL (5.56%), JP Associate (-4.13%), ONGC (-3.84%), M&M (-2.87), HDFC (-2.73%) were top index losers.
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