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Stock market declines on weak global cues, Sensex closes 188 points down; Kotak Bank worst Nifty loser

The domestic equity indices — Sensex and Nifty — closed Thursday’s trade in the negative territory, battered by weak sentiment in the global markets, along with heavy selling pressure in index heavyweight stocks like Kotak Bank, Vedanta, HDFC, Tata Steel, Larsen and Toubro, and Wipro among others. The Sensex of the BSE closed 188.44 points or 0.50%

Indian rupee
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Indian Rupee falls to 70 per US dollar for first time in history

The Indian rupee broke the 70 per US dollar mark after opening marginally higher on Tuesday on the interbank foreign exchange market for the first time in history. The rupee to US dollar exchange rate was quoted at 70.08.  Rupee down 15 paise from the Monday’s closing of 69.9287 per unit US dollar. Cushioning the fears of