Nifty holds 8000 amid pressure; TCS rallies on weak rupee

Dalal Street continued to be controlled by bears on further weakness in rupee and weak global cues. The Bank Nifty saw a sharp fall of almost 2 percent today and market breadth remained in favour of declines with the ratio of 1:3.

The Sensex shed 183.87 points or 0.69 percent to 26533.50 and the Nifty fell 61 points or 0.75 percent to 8036. The broader markets saw major fall compared to benchmarks; the BSE Midcap and Smallcap indices declined 2 percent and 1.5 percent, respectively.

TCS bucked the trend, up 2.7 percent. Bajaj Auto and Coal India gained 1.5-2 percent followed by ITC and Infosys with 0.7 percent upside.

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Posted in: Indian Market Tips