Sensex falls over 160 points, Nifty slips to 10,300 levels, bank stocks fall. BSE Sensex falls over 160 points, while the Nifty 50 trades near 10,300. Here are the latest updates from the markets
The BSE Sensex fell over 100 points in opening trade on Thursday against the previous session’s closing ahead of the key fiscal deficit and gross domestic product (GDP) data due later in the day. The broader NSE’s Nifty, too, fell in the morning hours. The Indian rupee opened lower against the US dollar. A Reuters poll of 52 economists over the past week showed GDP growth likely rose to 6.4% from a year ago in the July-September quarter, from 5.7% in the previous period. India’s gross value-added (GVA) growth estimate likely accelerated to 6.2%, from 5.6%. Here are the latest updates from
9:47 am Rupee Trade: The rupee dropped sharply by 19 paise to 64.50 against the American currency in early trade today ahead of the September quarter GDP data.
9.37 am IST
BSE Sensex traded lower by 165.53 points, or 0.49%, at 33,437.23, while the Nifty 50 fell 54.05 points, or 0.52%, to 10,307.25.
9.35 am IST
Banking stocks trade lower
Banking stocks fell. Kotak Mahindra Bank fell 1.4%, Axis Bank 1.3%, State Bank of India 1.3%, Punjab National Bank 1.5%, Yes Bank 0.6%, Indian Bank 2.2%, Oriental Bank of Commerce 1.7%, Syndicate Bank 1.7%, IDBI Bank 1.5%, Andhra Bank 1.2%.
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