INSUBCONTINENT EXCLUSIVE:
New Delhi: As much as Rs 1.79 lakh crore wealth got wiped out on Wednesday, as market capitalisation of all the BSE-listed companies
plunged to Rs 143.64 lakh crore from Rs 145.43 lakh crore
prices and tumbling rupee.
The 30-share Sensex settled 550.51 points or 1.51 per cent lower at 35,975.63
The 50-share Nifty dipped 150.05 points, or 1.36 per cent, to 10858.25.
The rupee crashed below the 73-mark against the dollar for the first
government for stability in the rupee, as they were perhaps not strong enough to address the key issue of short term demand
Most of the Asian and emerging currencies are calmer in past one month
Gupta, Head Forex and Rates, Edelweiss Securities.
As many as 36 stocks in Nifty ended in red with Mahindra Mahindra falling 7.03 per cent,
followed by Eicher Motors (down 6.79 per cent), Bharti Infratel (down 6.45 per cent), TCS (down 4.38 per cent) and Axis Bank (down 3.62 per
On the other hand, YES Bank, Hindalco, Indiabulls Housing Finance, HPCL and Vedanta gained between 3 per cent and 6 per cent
account of decline in production of crude oil and fertiliser
Nifty pares its previous gain to end at 10,858, its lowest level in recent fall from 11,750 levels
Continuous rise in the oil prices with brent hitting $85 mark rose some eyebrows and worries
Crude was above $75 mark and worries over CAD and its impact of widening
