Wednesday, August 29, 2018

Sensex plunges 205 points, Nifty loses 11,700-mark; RIL, HDFC Bank, Infosys drag

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Indian stock markets (Sensex and Nifty) fell deeper into negative territory in the late trades with BSE Sensex plunging 205 points and NSE Nifty slipping below 11,700-mark following the drop in RIL, HDFC Bank, and Infosys shares. The domestic stock markets traded flat in afternoon deals with Indian rupee hovering near its all-time low of 70.57 against the US dollar.
The Indian rupee hit a fresh all-time low against US dollar in the early afternoon deals and made a record low at 70.5713, the Bloomberg data showed. Shares of Anil Ambani’s telecom company RCom (Reliance Communications) dropped a little more than 6% on Wednesday.

Source- https://www.financialexpress.com/

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