Nifty off opening lows, Sensex dips 100
pts after Rupee breaches 73/$
Frontline indices
started off the day sharply lower on Wednesday, with the Nifty falling below
11,000 levels following further depreciation in Indian rupee.
The Nifty50
declined 65.8 points to 10,942.50 and the Sensex lost 166 points to
36,359.45.
Yes Bank rallied 4
percent.
In the midcap space,
InterGlobe Aviation, Prestige Estates, Bharat Forge, Eicher Motors, Ceat and
Reliance Communications were under pressure.
Hathway Cable
rallied 8 percent and MOIL rose 2 percent.
Gainers and Losers among Nifty50
stocks :
HDFC Bank, ICICI
Bank, TCS, Maruti Suzuki, Bharti Infratel, Eicher Motors, IOC, Axis Bank and
L&T were under pressure in early trade.
Yes Bank remained
strong since opening, rising more than 6 percent. Bajaj Finance, Bajaj Finserv,
ITC and Infosys were up half a percent each.
The Indian rupee opened at all time low
73.24 per dollar on Wednesday as it crossed 73 for the first time. It has
opened lower by 33 paise versus Monday's close 72.91.
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