Market on Tuesday | Market extends losses; Nifty below 25,900, Sensex drags 533 pts
In yet another volatile session, the Indian equity markets ended lower for the second consecutive day on December 16 amid continued depreciation in rupee, and uncertainty over India-US trade deal.
At close, the Sensex was down 533.50 points or 0.63 percent at 84,679.86, and the Nifty was down 167.20 points or 0.64 percent at 25,860.10. BSE Midcap and Smallcap indices were down nearly 1 percent each.
Indian rupee lost 1 percent in the last five trading sessions against US dollar as it crossed 91 mark for the first time today, hitting record low of 91.08 per dollar, during the session.
Axis Bank, Eternal, HCL Technologies, Tata Steel, JSW Steel were among major losers on the Nifty, while gainers were Bharti Airtel, Tata Consumer, Titan Company, M&M, Bajaj Auto.
Except Consumer Durables, FMCG and telecom, all other sectoral indices ended in the red with realty, oil & gas, metal, IT, PSU Bank, Private Bank down 0.5-1%.
