New Delhi [India]: Indian stock indices extended their losses from the previous session to trade significantly lower today tracking weak cues from overnight US markets.
Standard indices in the United States markets decreased amidst the mid-term elections and ahead of inflation data for October which is scheduled to be launched today. Inflation figures will certainly choose the future program of monetary policy activity by the US reserve bank. At 9.53 am, Sensex traded at 60,555.92 factors, down 477.63 factors or 0.78 percent, whereas Nifty traded at 18,022.70 factors, down 134.30 factors or 0.74 percent.
Among the Nifty 50 supplies, Tata Motors, Mahindra and Mahindra, Axis Financial Institution, Titan, and also Eicher Motors were the leading 5 losers, whereas Divi’s Labs, Cipla, Dr Reddy’s, Hindustan Unilever, and Hero Motocorp the leading gainers this morning, National Stock Exchange data showed.
At the same time, the rupee opened up at 81.65 versus the United States dollar versus the previous close of 81.43 on Wednesday.
Disallowing the current appreciation in November, the Indian rupee had been weakening over the past a number of weeks to hit fresh new all-time lows as the US buck reinforced versus significant global money.
In October, the rupee breached the 83 mark for the first time in its history. So far this year, the rupee has actually diminished around 10 percent.
