Share Market Today: Indian stock markets (Sensex and Nifty) ended in negative territory on Monday following the rout in the global financial market due to record weakness in Turkish lira with Indian rupee falling more than 100 paise to a fresh all-time low against US dollar. The headline indices Sensex and Nifty shed 0.59% and 0.65%, respectively, tracking the Asian equity markets which settled on a negative footing with Japanese Nikkei tumbling 2%.
Indian shares traded in red in late afternoon deals on Monday following the weakness in global equity markets with Indian rupee losing as much as 91 paise to hit a new all-time low against US dollar. The domestic stock markets recovered partially from day’s bottom in early afternoon deals but hovered in negative territory while the rupee continued shuttled near its all-time lows against US dollar at the interbank foreign exchange market.
Indian stocks started in negative territory with BSE Sensex tumbling 310 points and NSE Nifty tripping below 11,350 while Indian rupee slipped to a fresh record low against US dollar. The Indian rupee on Monday fell more than 1% against the US dollar to an all-new record low at the interbank foreign exchange market. The rupee made an all-time low at 69.6150 apiece US dollar, the Bloomberg data showed. Almost all the components of Sensex and Nifty traded in red with blue-chips HDFC Bank, HDFC, Reliance Industries, SBI, ICICI Bank leading the index losses.
Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the South African rand and drove demand for safe harbours, including the US dollar, Swiss franc and yen.