Nifty ends below 10,750, Sensex tanks 587 pts

Mumbai: Indian rupee ended lower but recovered from the day’s low on August 22 after hitting lowest level in 2019. The rupee finished 26 paise lower at 71.81 per dollar.

The rupee opened flat at 71.56 per dollar versus Wednesday close of 71.55.

The Nifty slipped below 10,750 on August 22 on growing market impatience with the promised government stimulus package.

At close, the Sensex was down 587.44 points at 36,472.93, while Nifty was down 177.30 points at 10,741.40. About 549 shares have advanced, 1902 shares declined, and 122 shares are unchanged. 

Yes Bank, Vedanta, Indiabulls Housing, Bajaj Finserv and Bajaj Finance were among major losers on the Nifty, while gainers were Britannia Industries, Dr Reddy’s Laboratories, Tech Mahindra, TCS and HUL.

Among sectors, except IT other indices ended lower led by the metal (down 3.5 percent), PSU Bank (down 3.7 percent), energy (down 2.3 percent), followed by auto and infra.