LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Sensex, Nifty open in the red; rupee plunges to record low

Benchmark indices opened lower after having been closed on Independence Day. Sensex is trading lower by 183.89 points or 0.49% at 37668.11, while the Nifty is down 56.80 points or 0.50% at 11378.30. Around 326 shares advanced, 326 shares declined and 69 remained unchanged

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Sensex, Nifty open in the red; rupee plunges to record low
Sensex is trading lower by 183.89 points or 0.49% at 37668.11, while the Nifty is down 56.80 points or 0.50% at 11378.30. Image source: Pixabay
Written By: ZeeBiz WebTeam
Updated: Thu, Aug 16, 2018
10:08 am
ZeeBiz WebDesk
RELATED NEWS
Gold Price, Rupee and Equity Markets II Technicals explained Gold Price, Rupee and Equity Markets II Technicals explained
Stock market updates: Sebi issues new rules for stock brokers, depository participants Stock market updates: Sebi issues new rules for stock brokers, depository participants
Top 5 stocks in focus on September 21: GRSE, ONGC to Biocon, here are the 5 newsmakers of the day Top 5 stocks in focus on September 21: GRSE, ONGC to Biocon, here are the 5 newsmakers of the day
Top 5 stocks in focus on September 21: Yes Bank, Jet Airways to Graphite India, here are the 5 newsmakers of the day Top 5 stocks in focus on September 21: Yes Bank, Jet Airways to Graphite India, here are the 5 newsmakers of the day
Sensex soars 250 points after holiday; Vedanta, Sun Pharma in top gainers list Sensex soars 250 points after holiday; Vedanta, Sun Pharma in top gainers list

Benchmark indices opened lower after having been closed on Independence Day. Sensex is trading lower by 183.89 points or 0.49% at 37668.11, while the Nifty is down 56.80 points or 0.50% at 11378.30. Around 326 shares advanced, 326 shares declined and 69 remained unchanged. At the National Stock Exchange (NSE), the broader 51-scrip Nifty, was quoting at 11,390.35 points, down by 44.75 points or 0.39 per cent.  Notably, Rupee fell 43 paise to hit record low of Rs 70.29 against Dollar.

With maximum cuts seen in bank and metals, selling is visible among major sectoral indices. Following a regulatory issue, Kotak Mahindra Bank is down 2 per cent, but Sun Pharma up by 2 per cent.

The Indian rupee dropped to a record low in opening deals on Thursday with investor sentiment affected by a widening trade deficit on the domestic front and the broad rise in the U.S. dollar versus other Asian peers. 

The dollar held near a 13-month peak on Thursday as political turmoil in Turkey and concerns about China`s economic health continued to support safe-haven assets and weighed on emerging market currencies. 

The partially convertible rupee was trading at 70.25/26 per dollar, at 0343 GMT, versus its Tuesday`s close of 69.90/91. Markets were closed on Wednesday for a national holiday.

The rupee hit a record low of 70.32 earlier in the session.

Watch this Zee Business video here:

India`s trade deficit widened to a more-than-five-year high of $18.02 billion in July, the trade ministry said on Tuesday, driven largely by a surge in oil imports.

On Thursday, Asian indices were showing a negative trend. Japan`s Nikkei 225 was quoting in red, down by 0.35 per cent while Hang Seng was down by 0.80 per cent, South Korea`s Kospi was down 0.99 per cent. China`s Shanghai Composite index was trading in red, down by 0.91 per cent.

Overnight, Nasdaq closed in red, down by 1.24 per cent while FTSE 100 was also down by 1.52 per cent at the closing on Wednesday.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian Stock Markets
RELATED NEWS
Gold Price, Rupee and Equity Markets II Technicals explained Gold Price, Rupee and Equity Markets II Technicals explained
Stock market updates: Sebi issues new rules for stock brokers, depository participants Stock market updates: Sebi issues new rules for stock brokers, depository participants
Top 5 stocks in focus on September 21: GRSE, ONGC to Biocon, here are the 5 newsmakers of the day Top 5 stocks in focus on September 21: GRSE, ONGC to Biocon, here are the 5 newsmakers of the day
Top 5 stocks in focus on September 21: Yes Bank, Jet Airways to Graphite India, here are the 5 newsmakers of the day Top 5 stocks in focus on September 21: Yes Bank, Jet Airways to Graphite India, here are the 5 newsmakers of the day
Sensex soars 250 points after holiday; Vedanta, Sun Pharma in top gainers list Sensex soars 250 points after holiday; Vedanta, Sun Pharma in top gainers list

LATEST NEWS

SolarWinds, Microsoft, FireEye, CrowdStrike defend actions in major hack - U.S. Senate hearing

Get free BSNL SIM cards! Offer open for limited period only - RUSH

NTPC share price today: BIG JUMP! 62-week high achieved; make more money from it, check strategy now

Attention NEET 2021 candidates! Check expected exam date

Anil Singhvi decodes Bitcoin status as just one tweet by Elon Musk breaks cryptocurrency by a massive $8000

Your WhatsApp will stop working if you don't do this - Check last date for required action

UPSC exam: Plea rejected by Supreme Court! No extra chance to these civil services exam aspirants

Realme Narzo 30A, Realme Narzo 30 Pro 5G launched in India - Check Price, Camera, Specs, Offers and more!

Your PAN card may soon become inoperative; you may be fined too if you miss this deadline — Check last date

BOOSTER dose for Yes Bank! CDP rates ‘A-' (Leadership Band); achieves Environmental Management System certification for eighth year

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved