Sensex falls 700 points, Rupee slips below 62 against Dollar
Mumbai: The rupee slipped below 62 against the dollar for the first time on Friday
It was bloodbath in markets on Friday with Sensex crashing 769.41 points, the biggest fall in 4 years, to end at 18,598 on fresh concerns about US stimulus withdrawal and rupee plunging to record low of 62, draining investor wealth by Rs 2 lakh crore.
After gaining 703 points in the last four sessions, the Sensex plunged 769.41 points, or 3.97 percent, to 18,598.18 on all-round selling. Consumer durables, realty, banks and metal sector took major beating.
The broad-based National Stock Exchange index Nifty nosedived by 234.45 points, or 4.08 percent to 5,507.83, after touching day’s low of 5,496.05. Also, SX40 index, the flagship index of MCX-SX, closed at 11,083.52, down 428.63 points or 3.72 percent.
In 30-share Sensex pack, barring Hero MotoCorp, all stocks closed with heavy losses. Major losers were Reliance Industries (4.62 pc), Sterlite Ind (6.65 pc), ONGC (6.06 pc), Jindal Steel (5.46 pc) and L&T (5.19 pc) and Maruti (4.84 pc).
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