Selling pressure continues on D-St; Reliance, Tata Motors fall

The market continues to struggle ahead of November Futures and Options (F&O) expiry. The Sensex is down 105.71 points or 0.4 percent at 25946.10 and the Nifty is down 37.90 points or 0.5 percent at 7995.40.

About 1135 shares have advanced, 929 shares declined, and 110 shares are unchanged.

Asian Paints, Infosys, Bajaj Auto, TCS and SBI are top gainers while Tata Motors, NTPC, ICICI Bank, Reliance and Adani Ports are losers in the Sensex.

The Reserve Bank of India was spotted intervening in the foreign exchange market after the rupee fell to as low as 68.8350 per dollar on Thursday, on the verge of surpassing its previous record low of 68.85 in August 2013, traders said.

The rupee was trading between 68.81 and 68.83 per dollar, compared with its close of 68.56 on Wednesday.

The rupee has been hit hard this month by a rally in the dollar and outflows from emerging markets, as well as worries about the country’s demonetisation drive.

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Posted in: Indian Market Tips