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Market move▼ Bearish for Indian equities
Sensex today | Stock Market Highlights: Sensex falls 571 points, Nifty slips 0.88% as auto stocks drag markets
The brief
- Sensex fell 571 points and Nifty slipped 0.88% as auto stocks dragged markets
- The rupee weakened to a two-month low
- Auto stocks and rupee-sensitive companies face pressure from the market decline and weaker currency
- US 10-year yield at 24-year high rattles Nifty, rupee and bond markets. Why is India hit hard?
- Another stock market crash: Nifty, Sensex tank - FII selling, high bond yields, among 5 reasons behind big plunge
- RBI forex swaps open lower-cost dollar funding route for Indian firms
- A weak rupee would push RBI to follow tightening path
- India RBI's FX forward book tipped to shrink after touching $200 billion