Sensex drops 1,000 points amid rupee plunge
after close1 source ↓written by the desknot a recommendation
- 1.33
- 1,000.95 points
- 1.33
- 74,272.50
- 1.1
- 256.30 points
- 1.1
- 23,050.15
- against the dollar
- 94.29
Indian equity benchmarks faced a sharp decline, with the S&P BSE Sensex falling 1,000.95 points (1.33%) to 74,272.50 and the NSE Nifty 50 down 256.30 points (1.1%) to 23,050.15. This sell-off was driven by the rupee hitting a record low of 94.29 against the dollar and a downgrade from Goldman Sachs, raising concerns over inflation and capital outflows. 📉
• Rupee at life-low of 94.29
• Goldman Sachs downgrade to market weight
• Increased selling in rate-sensitive sectors
Market sentiment remains bearish as investors seek safety amid these pressures.
Not investment advice. For informational purposes only.