ECONOMY ANALYSIS:
FIIs extend sales in index futures, turn sellers in cash
Coal India workers to go on strike from Sept 23-25
Next 18 months tough for global economy: Kaushik Basu
Indiabulls Real buys out FIM's stake in 7 JVs, stock up 5%
See August trade deficit below $10 bn: StanChart
35 dead as Rajya Rani Express runs over them near Saharsa
Coal India workers to go on strike from Sept 23-25
Next 18 months tough for global economy: Kaushik Basu
Indiabulls Real buys out FIM's stake in 7 JVs, stock up 5%
See August trade deficit below $10 bn: StanChart
35 dead as Rajya Rani Express runs over them near Saharsa
MARKET ANALYSIS:
The S&P BSE Sensex recouped some of its losses after plunging more than 450 points in intraday trade, extending its fall to second straight day on the backdrop of weakness in the rupee that hit an all-time intraday low of 62.81 today.
The Nifty also recovered a bit after extending its losses for second straight session as the weakness in rupee, which hit fresh 52-week low, forced foreign institutional investors to offload long positions. The weakness in other global markets also put pressure on the benchmarks.
The Indian rupee posted its biggest percentage loss against the US dollar in August. The partially convertible rupee touched an all-time low of 62.81 per dollar against its previous close of 61.65.
The Nifty also recovered a bit after extending its losses for second straight session as the weakness in rupee, which hit fresh 52-week low, forced foreign institutional investors to offload long positions. The weakness in other global markets also put pressure on the benchmarks.
The Indian rupee posted its biggest percentage loss against the US dollar in August. The partially convertible rupee touched an all-time low of 62.81 per dollar against its previous close of 61.65.
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