The domestic stock markets continued their losing streak for the sixth straight session, while the rupee depreciated sharply. The stock markets showed sustained weakness, with the Sensex at the Bombay Stock Exchange declining 98 points, to close at 26,559. The Sensex has now lost over 900 points in the last six trading sessions–its longest losing run in 5 months. The Nifty at the National Stock Exchange dropped 15 points, to 8,051. Stock markets in Japan, China, Hong Kong and Singapore fell between 0.8 percent and 2.1 percent. At the forex market, the rupee slumped 32 paise, to a one-month closing low of 65.59 against the dollar. The rupee fell on dollar selling by banks and exporters, and foreign fund outflows amid sliding domestic equity markets. And gold declined 10 rupees, to 26,810 rupees per ten grams in Delhi.
News On AIR | November 2, 2015 8:48 PM
Sensex declines for 6th straight day, losing 900 pts cumulatively; Rs falls 32 paise against dollar