Sensex down 310 points to a three-week low
Sensex down 310 points to a three-week low

Sensex falls 175 pts; rupees hits record low; auto, FMCG stocks drag


The Benchmark index of Bombay Stock Exchange (BSE) on Tuesday tumbled down 175 points at 34299.

NSE Nifty slipped to a low of 10,279.35 points intra-day. Weakness in emerging markets continues to weigh on the Indian currency.

Weakness in the Indian currency is a worry, with the rupee falling to an all-time low The Indian rupee traded near its all-time low of 74.2237 per US dollar.

Most PSU banks, FMCG, auto and realty stocks were trading with losses in Tuesday’s trade. Yes Bank was the top gainer on both the NSE and BSE today. Tata Motors shares plunge nearly 20% to seven-year low levels. This is due to a report about Jaguar Land Rover which predicts a weak September sales.

The other losers were Titan, Hind petro, Eicher motors and Asian paints. The gainers were Dr. Reddy, Zee, Bajaj Finance and Adani Ports. (PenNews with input from UNI)