Indian stock markets (Sensex and Nifty) ended lower on Wednesday following the last hour sell-off in heavyweight shares with BSE Sensex losing 173.7 points and NSE Nifty concluding below 11,700-mark. Indian equity markets fell deeper into negative territory in the late trades with BSE Sensex plunging 205 points and NSE Nifty slipping below 11,700-mark following the drop in RIL, HDFC Bank and Infosys shares. The domestic stock markets traded flat in afternoon deals with Indian rupee hovering near its all-time low of 70.57 against the US dollar.
The Indian rupee hit a fresh all-time low against US dollar in the early afternoon deals and made a record low at 70.5713, the Bloomberg data showed. Shares of Anil Ambani’s telecom company RCom (Reliance Communications) dropped a little more than 6% on Wednesday.
Indian equities started on a flatter note on Wednesday flat with BSE Sensex and NSE Nifty mostly trading in negative territory changed following losses in HDFC Bank, TCS, Infosys and HDFC shares. The domestic markets are likely to witness a subdued trade after flat Wall Street closing and caution prevailing ahead of April-June GDP data due on Friday, 31 August 2018. Asian shares crept marginally higher on Wednesday as optimism over the U.S.-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China, Reuters said in a report.