The domestic stock markets (Sensex and Nifty) concluded in negative territory on Thursday with BSE Sensex and NSE Nifty finishing marginally down following the August F&O series expiry coupled with the pessimism over Indian rupee hitting a fresh record low against US dollar. Indian stock markets fell in negative territory in the mid-morning deals on Thursday following the drop in the shares of RIL and most of the bankers with the rupee recovering partly from the record low.
Indian stock markets started marginally changed on Thursday with BSE Sensex and NSE Nifty beginning slightly higher in positive territory while the Indian rupee dropped as much as 23 paise to hit a new all-time low against US dollar. The rupee registered a record low at 70.85 against US dollar, the Bloomberg data showed.
Earlier yesterday, the Indian rupee fell more than 50 paise to a record low of 70.64 before closing at 70.59, down 49 paise against the US dollar. Asian stocks rose on Thursday as Wall Street hit record highs in the hope that the current North American Free Trade Agreement (NAFTA) negotiations will lead to a further easing of global trade tensions.