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Indian equity benchmarks fell for second consecutive day to their lowest level in over a month after rupee weakened to a new low against the U.S. dollar.
The Sensex fell 1.34 percent or 509 points to 37,413 and the Nifty 50 Index slumped 1.32 percent or 164 points to 11,287.
All 19 sector gauges compiled by BSE ended lower led by the S&P BSE Consumer Durables index's 2.5 percent drop.
The mid- and small-cap shares fell in line with their larger peers as the S&P BSE MidCap and S&P BSE SmallCap Indexes fell 1.3 percent each.
Sensex Slumps Over 500 Points, Nifty Breaks 11,300
The Sensex slumped over 500 points and the Nifty 50 Index broke below important psychological level of 11,300 as heavyweights like HDFC Bank, ITC and Reliance Industries under heavy selling pressure.
ITC Struggles Amid Block Deal
ITC has 13.1 lakh shares change hands in a block. Stock down 3 percent at Rs 297.
Buyers and sellers were not immediately known
Rupee Hits new Low Versus $
Indian rupee fell 0.4 percent or 29 paise to new low of 72.74 per dollar.
HDFC Bank Falls Most In Three Months As Trading Volume Doubles
Shares of the country's largest private sector lender fell as much as 2.36 percent, the most in over three months, to Rs 1,993 on heavy trading volumes. Trading volume was 1.7 times its 20-day average.
On the Relative Strength Index (RSI), the stock fell to level of 28 indicating that it may be oversold.
A reading below 30 on the RSI indicates a stock may be oversold while above 70 indicates to be overbought.
Rupee Erases Gains Falls 0.2% Against $
Market Update: Sensex, Nifty Extend Decline As Rupee Resumes Decline
Supreme Court Gives Relief To Power Companies Against Insolvency
FMCG Index Drops 2%, Led By GCPL, ITC
Manali Petrochemicals Surges On Launching Notedome Products
Market Check: Sensex, Nifty Subdued; SBI, M&M Top Gainers
SEBI To Go Ahead With Derivatives Trade Time Extension From October
Dredging Corp, ITDC Among Stocks Moving On Heavy Volumes
Government Is Said To Urge RBI To Conduct More OMOs To Add Liquidity
Car Sales Fall, Truck Sales Rise In August: SIAM Data
Essar Steel Insolvency Case: ArcelorMittal Seeks Time To Deposit Rs 7,000 Crore
F&O Check: Nifty Bank 27,400 Call Most Active On NSE
ICICI Securities Rises After Citi Initiates Coverage With Buy
State Bank Of India Rises On Seeking Bids To Sell 8 NPA Accounts
Balrampur Chini Mills Falls After Morgan Stanley France Sells Shares
Reliance Home Finance Rises As Marquee Investors Line Up To Pick Stake
Sun Pharma Advances After Arm Acquires Stake In Tarsius Pharma
Opening Bell: Sensex Nifty Pare Gains; ITC Among Top Losers
Rupee Opens Higher At 72.30 Against $
Trading Strategies: Nifty, GAIL India, Sun Pharma And More!
Money Market Heads Up: Rupee Seen Opening Around 72.67/$
Brokerage Radar: Citi Initiates Buy On ICICI Securities, UBS Maintains Stance On Infosys And More!
F&O Cues: Maximum Call Option Open Interest At 11,800 Call
Insider Trades And Trading Tweaks To Watch
Who’s Meeting Whom: Galaxy Surfactants, Finolex To Meet Investors Today
Bulk Deals: Morgan Stanley France Sold Stake In Balrampur Chini
Earnings To Watch
Stocks To Watch: Reliance Home Finance, Sun Pharma, NMDC And More!
SGX Nifty Indicates Weak Opening For Indian Equities