The stock Market shut in red for sixth back to back day. The BSE Sensex shut down at 15-month low while Nifty was at 14-month low at shutting. The 30-share list finished down 308.09 points or 1.2 percent at 24893.81, and the 50-share list slipped 96.25 points or 1.3 percent at 7558.80.
ICICI Bank, Axis Bank, Vedanta, Dr Reddy's Labs and BHEL were real losers in the Sensex. Among the gainers were HDFC, ONGC, M&M and ONGC. Midcap Index was down 2.2 percent from past close.
Rupee slips to a new 2-year low. The Indian rupee is esteemed at 66.82 per dollar. Agam Gupta of StanChart Bank thinks the USD-INR money pair will keep on getting affected by worldwide forex and value moves. He hopes to see exporters supporting their USD receivables on upticks towards 66.80/dollar.
European Equity traded higher, avoiding the pattern set in Asia where shares were trading blended on the back of an update in Chinese monetary development figures, with wares merchant Glencore taking off by 12 percent after it divulged an obligation patch up arrangement.
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