Market declines despite rupee recovery on Wednesday
pre-market1 source ↓written by the desknot a recommendation
- 0.14
- 120.21 points
- and Nifty falling
- 84,559.65
- 0.16
- 41.55 points
- 0.16
- 25,818.55
- to close
- 55 paise
India’s equity benchmarks, BSE Sensex and NSE Nifty, ended lower for the third consecutive day, with the Sensex down 120.21 points (0.14%) at 84,559.65 and Nifty falling 41.55 points (0.16%) to 25,818.55. This decline occurred despite the rupee gaining 55 paise to close at 90.38 against the U.S. dollar, aided by central bank interventions.
The ongoing delay in US–India trade negotiations has contributed to FII outflows, impacting market sentiment. The RBI's efforts to stabilize the rupee are providing some support to rate-sensitive sectors.
Not investment advice. For informational purposes only.