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Sensex ends 550 points down on weak rupee, RBI rate hike fears

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Mumbai, 3 October : Amidst a weak rupee and a likely hike in interest rates by the Reserve Bank of India (RBI), the key Indian equity indices closed in the red on Wednesday, with the S&P BSE Sensex closing 550 points lower, and the Nifty50 below the 11,000-mark.

Earlier in the day, the Indian rupee slipped to 73.42 per US dollar — the lowest-ever — against the greenback at the Inter-Bank Foreign Exchange Market.

However, it recovered 24 paise to 73.18 later in the day.

Heavy selling pressure was witnessed in auto and banking stocks. Among others pulling the S&P BSE Sensex down were IT and FMCG counters.

“The sales figures (released on 1st of every month) of most automobile companies, especially four-wheelers, were not very good,” said Astha Jain, Senior Research Analyst, Hem Securities.

At 3.30 p.m, the wider Nifty50 on the National Stock Exchange provisionally closed at 10,858.25 points, lower 150.05 points or 1.36 per cent from its previous close.

The S&P BSE Sensex, which opened at 36,602.85 points, closed at 35,975.63 points, down 550.51 points or 1.51 per cent from its previous close of 36,526.14 points.

It touched an intra-day high of 36,602.85 points and a low of 35,911.82 points.

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Delhi court convicts 19 persons in Bihar’s Muzaffarpur shelter home case

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New Delhi, 20 Jan : The Saket court in Delhi on Monday convicted 19 accused, including high-profile Brajesh Thakur, in connection with the alleged sexual and physical assaults on girl inmates at a shelter home in Bihar’s Muzaffarpur district.

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New Delhi, 5 Jan : Violence swept the Jawaharlal Nehru University on Sunday as several masked individuals, both male and female, thrashed students, including girls, and teachers inside the varsity campus with wooden and metal rods.

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Union Home Minister Amit Shah on Sunday ordered the Delhi Police to take all necessary action to control the situation in the Jawaharlal Nehru University where widespread violence in the evening left many students, including girls, and teachers injured.

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Congress General Secretary Priyanka Gandhi Vadra on Sunday reached All India Institute of Medical Sciences (AIIMS) to meet the students who were injured during the clash between the two groups inside the Jawaharlal Nehru University (JNU).

Fascists in control of our nation: Rahul

Congress leader Rahul Gandhi attacked the Central government over the violence that erupted in the Jawaharlal Nehru University (JNU) campus on Sunday.

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