Sensex, Nifty fall 1.5%; rupee at 64.05/$, Midcap slips 2%

Equity benchmarks as well as broader markets continued to reel under selling pressure. The Indian rupee too breached 64 a dollar, 23 paise to 64.05 a dollar in afternoon trade following weakness in equity market and high dollar demand.

The 30-share BSE Sensex plunged 415.73 points or 1.53 percent to 26772.65 and the 50-share NSE Nifty fell 122.05 points or 1.48 percent to 8114.40. The BSE Midcap and Smallcap indices underperformed, falling 2.2 percent and 2.8 percent, respectively.

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Posted in: Indian Market Tips