Press Esc to close
Friday 22 August 2014
News updated at 4:54 PM IST
Weather
Max: 30.1°C
Min : 20.4°C
In Bangalore
Generally cloudy

Sensex down 286 points on weak rupee

Mumbai, Jul 3, 2013, DHN S:

Key benchmark indices edged lower for the second straight day as weakness in rupee, which fell below 60 a dollar, on the back of weakness in global stocks hitting investor sentiment adversely.

The BSE Sensex lost 286.06 points or 1.47 per cent to settle at 19,177.76 while the 50-unit CNX Nifty at NSE lost 86.65 points or 1.48 per cent to settle at 5,770.90.

Further, the weakness in the rupee and rising crude oil prices also weighed on market sentiment, with bank shares leading the decline after the RBI mooted extra provisioning and capital requirement for banks' exposure to companies with unhedged forex exchange positions. ICICI Bank, SBI, HDFC Bank slipped between 1 - 4.6 per cent each while mortgage lender HDFC close 2.7 per cent lower.

During the day, metal stocks edged lower on weak Chinese economic data with steel shares leading the decline in metal stocks.


Go to Top

Photo Gallery
Prime Minister Narendra Modi addresses a gathering in Nagpur on Thursday...

Prime Minister Narendra Modi addresses a gathering in Nagpur on Thursday...

A leopard walks towards a lagoon at Yala National Park...

A leopard walks towards a lagoon at Yala National Park...

Ashok Leyland's new truck “Boss” gets launched in Ahmedabad ...

Ashok Leyland's new truck “Boss” gets launched in Ahmedabad ...

Sonal Chauhan walks the ramp at the Lakme Fashion Week Winter/Festive 2014 ...

Sonal Chauhan walks the ramp at the Lakme Fashion Week Winter/Festive 2014 ...

National Ambulance Service vans during their launch in Allahabad ...

National Ambulance Service vans during their launch in Allahabad ...

Veteran actor Dharmendra at an event in New Delhi on Thursday...

Veteran actor Dharmendra at an event in New Delhi on Thursday...

Solar Panel Scam accused, Saritha Nair at the Court in Coimbatore on Thursday...

Solar Panel Scam accused, Saritha Nair at the Court in Coimbatore on Thursday...

A woman with her child at a relief camp after Naga miscreants killed Assamese villagers ...

A woman with her child at a relief camp after Naga miscreants killed Assamese villagers ...

Fire fighters try to control a fire that broke out at a plastic godown at Kaduvetti ...

Fire fighters try to control a fire that broke out at a plastic godown at Kaduvetti ...

Emran Hashmi with Humaima Malik during a promotional event of their new movie in Bengaluru ...

Emran Hashmi with Humaima Malik during a promotional event of their new movie in Bengaluru ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523