Indian stock markets ended lower on Tuesday with Sensex plunging 154 points and Nifty closing below 11,550-level following the drop in SBI, ICICI Bank, HUL, HDFC Bank and ITC shares. The domestic equity markets traded under pressure through the day on Tuesday. After opening flat following the September 5 deadline regarding trade tariffs on China by Trump administration. The sentiments were further weakened after Indian rupee hit a fresh record low. Worries escalated regarding capital outflows on AMRI comment, hinted towards $75 billion FPI investment moving out from India, on SEBI’s April circular.
Infosys shares hit a record high after the stock turned ex-bonus. The stock of Infosys surged as much as 4.41% to an all-time high of Rs 748.35. Before closing up 2.64% at Rs 735.65 on BSE. The Indian rupee dipped about 33 paise against the US dollar to a fresh all-time low of 71.5363 per unit US dollar at the interbank foreign exchange market on Tuesday. According to the data available with BSE, of the total 2,911 total traded stocks on BSE, as much as 2,010 stocks ended in red, 766 managed to close in green while 135 settled unchanged. Notably, 147 shares hit their respective 52-week lows while 81 surged to their 52-week highs.