Market extends losing streak for third consecutive session
At close, Sensex was down 502.25 points or 0.62% at 80,182.20, and the Nifty was down 137.15 points or 0.56% at 24,198.85.
The rupee jumped 23 paise to 64.11 against the dollar today on exit poll findings that the BJP is set to win in Gujarat and Himachal Pradesh assembly elections.
According to the findings released on thursday, the BJP is set to retain Gujarat and wrest Himachal Pradesh from the Congress. This led to a ripple effect on the stock market, which zoomed, impacting in turn the rupee sentiment.
Advertisement
The dollar lost some mojo against the euro after the European Central Bank left its policy rates and stimulus measures intact. The Bank of England, too, kept key interest rates unchanged.
Advertisement
On thursday, the rupee bounced 10 paise to end at 64.34 a dollar.
The benchmark Sensex shot up 358.11 points, or 1.07 per cent, at 33,605.11 while the NSE Nifty soared 110.20 points, or 1.07 per cent, to 10,362.30 in opening session today. PTI SUN DP
Advertisement
