- Tag results for NSE Nifty
Stocks saw a positive start as the Sensex touched a high of 37,530.63 intra-day in tune with the rupee recovering from its record low.
The NSE Nifty50 also surged around 120 points during the afternoon session of trade. So far, sector-wise, consumer durables stocks led the increase in the market.
Amid continuous foreign capital outflows, the 30-share barometer gained over 121 points at the outset on value-buying in select bluechip stocks, but fell back after selling pressure gathered momentum.
The rupee touched a life-low of 72.6750 to the dollar, forcing the government to consider measures to soften the fall. It has declined nearly 15 per cent against the dollar this year.
Good rally in telecom, consumer durables, FMCG, auto, energy, metal and realty stocks lifted the key indices.
The rupee crashed to a fresh record low of 71.96 against the US dollar in intra-day trade on the back of rising bond yields and crisis in emerging market currencies.
A surge in global oil prices, concerns over US-China trade war and contagion risks from Turkey and Argentina are the factors impacting forex market sentiment.
Benchmark Sensex tumbled over 188 points to close at 37,663.56 today, tracking weak global cues on concerns over Turkey's financial crisis amid sustained foreign fund outflows.
The BSE 30-share barometer tanked 288.16 points, or 0.76 per cent, to 37,581.07. The gauge had lost 155.14 in the previous session.
BSE Sensex fell over 288 points and the NSE Nifty dipped below the 11,400-level in opening trade today.
Sensex clocked an all-time high of 37,805.25 during intraday trade, while the Nifty 50 index touched yet another record high of 11,427.65.
The Sensex and the Nifty, both, scaled fresh record highs in intraday trade.The Nifty registered day's high and low at 11,283.40 and 11,210.25 points, respectively.
The major gainers of the Sensex were Tata Motors (DVR), ITC, Tata Motors, Hero MotoCorp and Bajaj Auto while Adani Ports, Power Grid, Hindustan Unilever, Tata Consultancy Services.
The 30-share index was trading higher by 114.10 points, or 0.31 per cent, at 36,610.47.
The 30-share Sensex hit a high of 36,274.33 before ending at 36,239.62, up 304.90 points or 0.85 per cent.