Sensex, Nifty Fall; Rupee At Record Low As Turkey Rout Spreads
Pedestrians walk near the Bombay Stock Exchange (BSE), left, in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty Fall; Rupee At Record Low As Turkey Rout Spreads

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Sensex, Nifty Fall As Turkey Crisis Spreads To Global Markets

Indian equity benchmarks fell for second consecutive day, and the rupee slumped to an all-time low of 69.86 per dollar, as the ongoing economic crisis in Turkey bled into the global markets.

The S&P BSE Sensex fell 0.59 percent or 224 points to 37,645 and the NSE Nifty 50 index tumbled 0.65 percent or 74 points to 11,356.

Rupee was the worst Asian currency in today’s trade as it fell the most against the U.S. dollar after Turkish lira slumped for a fourth day to a new record low. The sell-off spilled over to other emerging-market currencies after the country’s president showed no signs of backing down in a standoff with the U.S.

Eight out of 11 sector gauges compiled by National Stock Exchange ended lower dragged by the Nifty PSU Bank index's 3.2 percent drop. On the flipside, the Nifty IT index was top gainer, up 1.4 percent.

The mid- and small-cap shares also ended lower as the Nifty Midcap 100 index fell 0.65 percent and the Nifty Smallcap 100 index declined 1 percent.

Infosys Holds Gains After Block Deal

  • Infosys has 12 lakh shares change hands in a block. Stock up 1.7 percent at record high of Rs 1,409.

Buyers and sellers were not immediately known

Source: Bloomberg

Rupee Extends Losses, Falls To Record Low Of 69.80/$

  • The Indian rupee extended decline and fell to a fresh all-time low of 69.80 against the U.S. dollar.
Sensex, Nifty Fall; Rupee At Record Low As Turkey Rout Spreads

Aarti Drugs Surges After Profit Doubles In June Quarter

Shares of the Thane-based pharma company rose as much as 7 percent to Rs 589.98 after its net profit doubled in June quarter.

Key earnings highlights:

  • Net profit at Rs 23.37 crore versus Rs 11.38 crore (YoY)
  • Revenue at Rs 374.29 crore versus 277.20 crore (YoY)

Jain Irrigation Swings After June Quarter Earnings

Shares of the Jalgaon-based micro-irrigation systems maker swung between gains and losses after it reported June quarter earnings.

Key earnings highlights:

  • Net profit up at Rs 81.75 crore versus Rs 44.33 crore (YoY)
  • Revenue up 21 percent at Rs 2,092 crore versus Rs 1,733 crore (YoY)
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