Monday, October 7, 2019

Indian Stock Market News & Rupee Update for 07-Oct-2019

Sensex falls over 100 pts, Nifty below 11,150; IndusInd Bank down 3%

Market update: The Indian market opened flat on October 7 and slipped lower soon even as global sentiment was positive after data showed the US unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy.

The 30-share Sensex fell over 100 points and Nifty touched 11,117 on the downside in early trade.

The BSE Sensex was 85 points, or 0.23 percent, down at 37,588, while the NSE Nifty was 46 points, or 0.41 percent, down at 11,129.

IndusInd Bank, Sun Pharma, Larsen & Toubro (L&T) and Hero MotoCorp were trading as the top losers in the Sensex index.

Rupee update: The Indian rupee declined in the early trade on Monday. It opened lower by 8 paise at 70.96 per dollar versus Friday's close 70.88.

Stocks in the News: Glenmark Pharma, Ashok Leyland, Lupin, VST Tillers, BEML, SPARC


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