Sensex falls 68 points in choppy trade
The Sensex on Wednesday fell 68.16 points or 0.36% in choppy trade to close at 18,664.88 points. The rupee, which fell to 61.30 against the dollar was once again the main culprit.business Updated: Aug 07, 2013 22:51 IST
The Sensex on Wednesday fell 68.16 points or 0.36% in choppy trade to close at 18,664.88 points. The rupee, which fell to 61.30 against the dollar was once again the main culprit.
The Sensex opened at 18,764, fell more than 200 points to 18,552 and then rose almost 250 points to 18,799 before ending at 18,664.88.
The market capitalisation of all listed shares now stands at R60,39,353.51 or $985.21 billion, still below the trillion-dollar mark.
“In the absence of any major trigger on the domestic front, the movement of the rupee is dictating the trend,” said Ajit Mishra, AVP, Religare Securities.
Tata Motors, which posted a 24% decline in first-quarter profit, dropped 2.96% to R278.85. Reliance Industries gained 3.64% to R871. The shares of Financial Technologies gained R8.95 or 5.62% to close at R168. "This happened after the National Spot Exchange disclosed stock positions as on July 31, 2013 and revealed the names of borrowers,” said Amar Ambani, head of research, IIFL.