BSE Sensex, rupee post huge falls
The BSE Sensex fell nearly 300 points on Monday after the rupee tanked to a record low of 63.13/14 against the dollar. The 30-share benchmark index ended 1.56 percent or 290.66 points lower at 18,307.52 with 24 of its components closing in the red. The broader 50-share National Stock Exchange (NSE) Nifty index ended 1.69 percent or 93.10 points lower at 5,414.75 on Monday.
Bond yields surged to five-year highs and investors demanded higher returns in an auction of cash bills following the plummet of the rupee that also hit confidence in Indian equities.
Meanwhile in the New Delhi bullion market, gold lost Rs 165 to Rs 31,360 per 10 grams while silver declined by Rs 75 to Rs 50,610 per kg.
(Posted on 20-08-2013)