Rupee hits record low, Nifty and Sensex stay shaky after Tuesday’s market rout
Indian shares dropped again early Wednesday, while the rupee plunged to a record low. The benchmarks had already posted their biggest single-day decline in more than eight months yesterday. By 9:56 a.m. IST, the Nifty 50 was down 0.22% at 25,178.95 and the BSE Sensex slid 0.25% to 81,991.39. “Any pullback or relief rally is likely to face stiff resistance,” said Dhupesh Dhameja, derivatives research analyst at SAMCO Securities.
