ECONOMY ANALYSIS:
Raghuram Rajan appointed 23rd RBI governor
Another suit on alleged racial discrimination hits Infosys
See 30% FY14 sales growth; launches to boost sales: Brigade
Tata Power slumps to 4-year low, down 18% on Q1 net loss
JSW Steel’s FX debt at Rs 12000cr; hints at 3% price hike
See slowdown in demand, stagnant margins ahead: Cummins
Another suit on alleged racial discrimination hits Infosys
See 30% FY14 sales growth; launches to boost sales: Brigade
Tata Power slumps to 4-year low, down 18% on Q1 net loss
JSW Steel’s FX debt at Rs 12000cr; hints at 3% price hike
See slowdown in demand, stagnant margins ahead: Cummins
MARKET ANALYSIS:
Benchmark indices came under tremendous selling pressure and slipped over 2 per cent in intraday trade on Tuesday as the rupee weakened further against the US dollar to hit its all-time low of 61.80.
The S&P BSE Sensex corrected over 500 points in intraday trade, while the 50-share Nifty index plunged below its crucial support level of 5550 to its lowest level since April 16.
The partially convertible rupee fell to as much as 61.80 to the dollar, smashing through a previous low of 61.21 hit on July 8, on what traders said was dollar demand from importers.
The 50-share index closed at 5,542.20, down 143 points or 2.5 per cent. It touched a high of 5,664.90 and a low of 5,521.80 in trade today.
The S&P BSE Sensex was at 18,733.04, down 449.22 points or 2.3 per cent. It touched a high of 19,131.92 and a low of 18,667.30 in trade today.
The S&P BSE Sensex corrected over 500 points in intraday trade, while the 50-share Nifty index plunged below its crucial support level of 5550 to its lowest level since April 16.
The partially convertible rupee fell to as much as 61.80 to the dollar, smashing through a previous low of 61.21 hit on July 8, on what traders said was dollar demand from importers.
The 50-share index closed at 5,542.20, down 143 points or 2.5 per cent. It touched a high of 5,664.90 and a low of 5,521.80 in trade today.
The S&P BSE Sensex was at 18,733.04, down 449.22 points or 2.3 per cent. It touched a high of 19,131.92 and a low of 18,667.30 in trade today.
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