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Among stocks, index heavyweight Reliance Industries slipped by 2.08 per cent to trade at Rs 1,565.80 per share. The others in negative zone included Coal India, Nestle India, HDFC Bank and Adani Ports.
What is Viral claim There is no denying of the fact that Indian currency, under pressure, is witnessing a downslide...
Market experts said the rupee's lower opening was largely due to weak global cues. Both Asian and US markets crashed after the US-China trade war intensified.
Mounting concerns over falling economic growth besides continuing turmoil in the banking and financial sectors too weighed on the sentiment. Amid worsening of US-China trade tensions, the Chinese yuan and almost all other Asian currencies traded weaker against the dollar.
MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.6 per cent even though it was still down more than 7 per cent over the past two weeks. Japan's Nikkei edged up 0.6 per cent while Chinese blue chips rose 0.9 per cent.
Among stocks, JSW Steel gained 3.5 per cent to Rs 263.90 per share while Tata Steel was up 2.4 per cent to Rs 465.90 apiece. Mining major Vedanta was up 3.1 per cent as Hindalco gained by 2 per cent.
The S&P BSE Sensex opened marginally lower at 36,456.22 from its previous close of 36,469.43.
New Delhi: After rolling out currency notes of Rs 50 and Rs 10 denominations, the Reserve Bank of India (RBI)...
New Delhi: After a weak opening the rupee has slipped further, trading near to the 74 mark. Currently, it is trading...
