Sensex, Bank Nifty decline over 400 pts; rupee tests 64/USD

The market is spiraling down with the Nifty struggling below the 8200-mark. The 50-share index is down 140.50 points or 1.7 percent at 8184.75. The Sensex is down 429.22 points or 1.6 percent at 27078.08. About 498 shares have advanced, 1549 shares declined, and 120 shares are unchanged.

The rupee breaches 64 as the dollar gains against most Asian and emerging market currencies. Bonds harden tracking the sell off in US treasuries.

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Posted in: Indian Market Tips