- Indian markets opened on a negative note tracking
Asian markets . Sensex was trading 245 points lower at 57,979 whileNifty50 was down by 70 points at 17,261.- Rupee fell to new lows at 82.35 per dollar today.
- Most sectoral indices were in the red with banks, metals and FMCG falling the most.
Sensex was trading 245 points lower at 57,979 while Nifty50 was down by 70 points at 17,261. The stock markets ended in the green for the last two trading sessions, which was broken today.
Rupee fell to a new all-time low of 82.35 per dollar today on the back of monetary policy tightening by central banks and rising crude oil prices.
Most sectoral indices were in the red with banks, metals and FMCG falling the most. Inflation concerns as flagged off by Dabur on Thursday impacted the investor sentiment. The consumer goods major said that soaring inflation during the second quarter could impact its operating margins.
Indices like Nifty Auto, Nifty IT recovered some of the early losses, and were trading flat.
Titan was the largest gainer on the 50-stock index as it reported 18% sales growth in Q2FY23 with addition of 105 stores during the quarter. The company saw healthy double-digit growth across most businesses.
SEE ALSO: