Look for opportunities to buy on dips
BSESENSEX lost 741.87 points or 1.26 per cent to close at 58,098.92 points while NIFTY lost 203.50 points or 1.16 per cent to close at 17,327.35 points. The broader markets saw BSE100, BSE200 and BSE500 lose 1.21 per cent, 1.25 per cent and 1.23 per cent respectively.
Blood bath on Dalal Street, Sensex crashes more than 1,000 points
At close, Sensex was 1,020.80 points, or 1.73 per cent, down at 58,058.92, and Nifty closed 302.45 points, or 1.72 per cent, at 17,327.35. As many as 2,497 shares declined, 983 shares advanced, and 107 remained unchanged. The Power Grid Corporation of India, Mahindra & Mahindra, State Bank of India, Bajaj Finserv, Bajaj Finance, and NTPC were major losers on the Sensex.
Rupee slips first time below 81-mark against US dollar
This was because of uncertainty created after the uptick in dollar index, increase in policy rate by the US Fed and Bank of England, and escalation in geopolitical tensions between Russia and Ukraine. Moreover, the negative trends in the domestic equities also weigh on sentiments.
Markets awaiting FED hike
BSESENSEX lost 952.39 points or 1.59 per cent to close at 58,840.79 points while NIFTY lost 302.50 points or 1.70 per cent to close at 17,530.85 points. The broader markets saw BSE100, BSE200 and BSE500 lose 1.48 per cent, 1.44 per cent and 1.41 per cent respectively. BSEMIDCAP lost 1.46 per cent while BSESMALLCAP lost 1.12 per cent.
Rupee ends 26 paise down at 79.70 against US dollar
"Indian rupee drifted further lower following weaker Chinese Yuan and foreign fund selling amid risk-averse sentiments. The dollar has been stabilising versus the major currencies but strengthening against the Asian currencies. The Fed has remained quite hawkish in recent commentaries which are offering a good floor to the dollar," said Dilip Parmar, Research Analyst, HDFC Securities.
Equities end down amid sell-off in global markets
At close, Sensex ended 224.11 points, or 0.37 per cent, down at 60,346.97, and Nifty closed 66.30 points, or 0.37 per cent, down at 18,003.75. A total of 1,176 shares declined, 1,692 shares advanced and 143 remained unchanged. Infosys, TCS, Tech Mahindra, HCL Technologies remained major losers on the Sensex.
Rupee over 1 month high against US dollar
The Indian rupee appreciated 40 paise to 79.12 against the US dollar during early trade on Tuesday following a decline in dollar and inflows from foreign investors, dealers said. The rupee remained at over 1 month high with this fall. At the Interbank foreign exchange market, the rupee was trading at 79.12 against the US dollar, as compared to 79.52 close on the previous trading session.