Market on Tuesday | Nifty below 26,000, Sensex down 504 pts; all sectors in the red
The Indian markets ended in the red for the third consecutive session on December 2 with Nifty closing around 26,000 amid further depreciation in rupee and selling across the sectors.
At close, the Sensex was down 503.63 points or 0.59 percent at 85,138.27, and the Nifty was down 143.55 points or 0.55 percent at 26,032.20. BSE Midcap index ended marginally lower, while Smallcap index fell 0.6%.
The Indian rupee continued hitting fresh record low, as it touched new record low of 89.95 per dollar, intraday, closing at 89.87 per dollar against Monday’s close of 89.55.
All the sectoral indices ended in the red with metal, oil & gas, private Bank, consumer durables, media index down 0.5% each.
Interglobe Aviation, Reliance Industries, HDFC Bank, ICICI Bank, Axis Bank were among top losers on the Nifty, while gainers included Asian Paints, Tech Mahindra, Dr Reddy’s Labs, SBI Life Insurance and Maruti Suzuki.