Sensex, Nifty Halt Three-Week Rally; Rupee Strengthens Past 71/$
Rupee Strengthens Past 71/$, Ends Near Three-Month High
The India rupee strengthened further against the U.S. dollar. The home currency ended 1.07 higher against the greenback to 70.69, its highest levels in over three months.
Closing Bell: Sensex, Nifty Halt Three-Week Rally
Indian equity benchmarks ended lower for the third day, registering their first weekly decline in four.
The S&P BSE Sensex Index ended 0.62 prcent lower today at 34,981.02 and the NSE Nifty 50 Index closed at 10,526.75, down 0.69 percent.
The market breadth was tilted in favour of sellers. Ten out of 11 sectoral gauges compiled by NSE fell, led by the NSE Nifty Metal Index's 1.7 percent decline. On the flipside, the NSE Nifty Media Index was the only sectoral gainer, up 1.42 percent.
Vodafone Idea Slumps After A Block Deal
Shares of Vodafone Idea fell as much as 8.3 percent to Rs 40.85.
About 24.8 lakh shares changed hands in a single block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
Stocks Moving On Heavy Volumes
- Stock rose as much as 12.3 percent to Rs 526.15.
- Trading volume was more than 10 times its 20-day average.
- Stock rose as much as 9.5 percent to Rs 544.35.
- Trading volume was six times its 20-day average.
- Stock fell as much as 3.6 percent to Rs 501.
- Trading volume was more than 16 times its 20-day average.
European Stocks Drop As Technology Shares Pace Renewed Declines
European equities resumed declines after yesterday’s short reprieve as technology shares led the retreat along with mining stocks.