India's benchmark indices closed near two-week lows and the rupee weakened 0.2 per cent against the US dollar on Monday as rising Covid cases in China and talk of persistent rate hikes by US Federal Reserve officials unnerved the markets.
This is a sharp reversal of sentiment from a week ago when the Sensex had posted fresh closing highs and the rupee strengthened after the US consumer price index data for October showed signs of inflationary pressures abating. The Sensex fell 0.84 per cent, or 519 points, to close at 61,145, while the Nifty50 index lost 0.81 per cent, or 148 points, to settle at 18,160 on Monday, logging their third straight day of losses.
The rupee closed at 81.85 against the dollar, as against 81.69 on Friday. So far in 2022, the domestic currency has depreciated 9.2 per cent versus the dollar.
Esta historia es de la edición November 22, 2022 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 22, 2022 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Byju's ‘Pulling Ahead' With Scalable Sales, Lower Prices
Cash-strapped educational technology (edtech) firm Byju's has reduced the prices of its products.
Restrictions On Bank Of Baroda's BOB World Lifted
The Reserve Bank of India (RBI) lifted the curbs on BoB World - the mobile application (app) of Bank of Baroda with immediate effect, the bank said in a notification to the exchanges.
Why Silent On Ambani, Adani? PM Jibe At Rahul
Cong labels BJP 'tempo of corruption', says Modi nervous after three phases of polls
Home-cooked veg thali 8% costlier in April
Pricier onion, tomato and potato increased the cost of a home-cooked vegetarian thali by 8 per cent in April to ₹27.4 compared to ₹25.4 in the same month last year, said a report on Wednesday.
Depending on rain gods not a solution for forest fires: SC
The Supreme Court on Wednesday said cloud seeding or \"depending on rain gods\" is not the answer to the raging forest fires in Uttarakhand and that authorities will have to take preventive measures to tackle the problem.
Google launches wallet app in India
Tech giant Google on Wednesday launched the Google Wallet app in India, enabling users to store and retrieve digital documents like boarding passes, loyalty cards, movie tickets, and more.
Tailor health insurance riders to your family's medical history
Understand exclusions in each rider to avoid surprises at the time of claim
It's time to 'stock' up for those with risk appetite
Poll jitters, rich valuations to blame for muted May for markets, say analysts
Mutual funds go on ₹900 crore gilt selling trip in May
The stance of Mutual Funds (MF) in the government bond market has shifted in May, with fund houses now engaging in a selling spree, offloading around 900 crore worth of bonds so far.
Demat additions in April built on best ever quarter
Over 3 million accounts added for fifth straight month
