Indian equity markets extended their losing streak for the third consecutive session, with benchmark indices ending lower amid weak global cues and pressure from heavyweights.
- Sensex declined 271 points
- Nifty 50 closed below the 25,200 mark
Selling pressure was seen across select sectors, while cautious sentiment prevailed due to currency weakness and global uncertainties.
Rupee Hits Record Low
The Indian rupee weakened sharply, touching a fresh all-time low of 91.74 per US dollar during the session. It later recovered marginally to close at 91.70, compared with the previous close of 90.97.
The rupee’s fall added to investor nervousness, particularly for import-dependent sectors and companies with foreign currency exposure.
Market Sentiment
- Persistent foreign fund outflows
- Global market volatility
- Sharp rupee depreciation
continued to weigh on domestic equities.
