Image Source : PTI (FILE) A view of BSE Equity benchmarks opened on a lower note on Thursday with the 30-share BSE Sensex sinking over 800 points in the opening trade. The broader NSE Nifty dipped over 300 points to slip below the 16,000-level. Earlier on Wednesday, equity benchmarks surrendered early gains to close with modest losses, snapping their two-day winning streak. Sensex soared in opening trade before succumbing to bouts of volatility in the afternoon session. It finally settled 109.94 points or 0.20 per cent lower at 54,208.53. On similar lines, Nifty dipped 19 points or 0.12 per cent to finish at 16,240.30. The rupee on Wednesday too declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amid unabated foreign fund outflows and a stronger greenback in overseas markets. Meanwhile, S&P Global Ratings on Wednesday cut India’s growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict. Latest Business News
Source link
