Markets end lower with auto, IT stocks under pressure
The benchmark indices ended lower on Friday, with auto and Information Technology stocks remaining under pressure amid concern over the upcoming US tariffs.
The Rupee slammed brakes on early losses against the Dollar on Tuesday and ruled steady at previous closing level of 64.56 as banks and exporters offloaded dollars, helped by a gradual recovery in domestic equities.
The Rupee resumed lower at 64.65 and dropped further to 64.69 following initial Dollar demand from banks. However, it bounced back to 64.56 at 1100 hours after stocks showed some traction.
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The Rupee hovered in a range of 64.56 and 64.69 during the morning trade.
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Overseas, the Dollar gave up some ground.
The benchmark Sensex recovered 164.49 points, or 0.56 per cent, to 29,740.23 at 1226 hours.
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