BSE benchmark Sensex heavily cracked on Monday after the rupee breached 72.50-level against the American currency (USD), for the first time ever amid weak Asian cues, due to a strengthening dollar and widening trade deficit.
The 30-scrip Sensex dropped 467.65 points to close at 37,922.17 while the NSE Nifty-50 index also edged lower at 11,438.10, down 151 points, or 1.30%
Heavy selling momentum visible in Fast Moving Consumer Goods, followed by consumer durables, telecom, finance, oil & gas, realty, power, metals, banks, energy and auto sectors.
Major losers on NSE index were Bajaj Finance, India bulls Housing Finance, Bajaj Finserv and Sun Pharma whereas top gainers were HCL Tech, Axis bank, Zee Entertainment and Cipla.
BUY NIITTECH FUTURE ABOVE 1417.5 TARGETS 1422.8
SELL BAJFINANCE FUTURE BELOW 2607 TARGETS 2587