Sensex Pare Losses; Rupee At All-Time Low of 75.09 Per US Dollar

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Indian equity markets clawed off the day’s lows, lifted by public sector banks, but were still trading with three per cent cut on Thursday. Earlier, the Sensex plunged over 2,000 points to 38-month low levels and the Nifty breached the level of 7,900 for the first time since December 27, 2016.

Read moreSensex Pare Losses; Rupee At All-Time Low of 75.09 Per US Dollar

Sensex, Nifty Plunge On Weak Global Cues; Banking, Metal Stocks Worst Hit

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BSE Sensex and Nifty fell sharply on the back of negative global cues on growing fears about economic recession in the US. The S&P BSE Sensex fell as much as 1 per cent or 378 points to 37,786.98 and the NSE Nifty 50 Index dropped 1 per cent or 114 points to 11,352.20. Losses in early trading were led by Reliance Industries, Larsen & Toubro, HDFC, ICICI Bank, HDFC Bank, Infosys and Kotak Mahindra Bank.

Read moreSensex, Nifty Plunge On Weak Global Cues; Banking, Metal Stocks Worst Hit