Dalal street witnessed the massive bloodbath today as Indian equity benchmarks slipped over 2% tracking the sharp Indian rupee fall. Nifty plunged to its lowest level since April 16 and ended the day at 5,542.25, sheds 143.15 points while Sensex tumbles 450 points and ended the day at 18,734.47.
The rupee dropped to an all-time record low of 61.80 per dollar in the afternoon session on fresh dollar demand from banks and importers amid weakness of dollar in the overseas market and fall in the equity market.
Tata Power shares crashed 17% after reporting a loss of Rs 115 crore in April-June quarter as against profit of Rs 145.9 crore in a year ago period on higher interest cost and forex woes. More than 15 lakh shares added on short side.
Among the sectoral indices CNX Realty tanks -4.61% followed by CNX Finance (-4.12%), CNX Media (-3.95%) and Bank Nifty (-3.88%). Other major sectoral indices also remained under selling pressure.
Out of 50 stocks of Nifty 4 stocks advanced and 46 stocks declined.
Top 5 Nifty gainers: Ambuja Cement (1.13%), Tata Motors (0.79%), Power Grid (0.48%) and TCS (0.20%) were only gainers.
Top 5 Nifty losers: Tata Power (-14.35%), Asian Paints (-7.34%), IndusInd Bank (-7.14%), BHEL (-7.08%) and BPCL (-6.69%) were among top losers.
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