Sensex tumbles 1020 points to 58099 on falling rupee

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The Reserve Bank of India will now hike interest rates to curb inflation

Mumbai: US The central banks of many countries of the world, including the Federal Reserve, Bank of England, increased interest rates by half to a quarter percent to control inflation-inflation, along with the historic decline in the value of global currencies against the US dollar, the Indian rupee also experienced a historic fall today, crossing the level of 81. .80 points fell to 58098.92 and Nifty spot fell 302.45 points to 17327.35. The US With the increase in 10-year bond yields, the dollar index strengthened, and foreign funds were seen exiting India. The possibility of a big hike in interest rates by the Reserve Bank of India in the coming days, keeping inflation under control and the rupee falling, had led to a universal rout in stocks. Limited buying by local funds was unable to stem the market erosion, with foreign portfolio investors (FPIs) again selling heavily in stocks. With the turmoil in the global markets, there was a massive offloading in banking-finance, automobile, consumer durables, capital goods, metal stocks as a crisis of confidence started to emerge in the market. The rupee fell by 13 paise against the US dollar

It was 80.99.

Bankex breaks 1159 points: Gaps in Federal Bank, Bank of Baroda, AU Bank, State Bank, Bandhan Bank

In banking-finance stocks, funds hammered for the second day in a row, with the BSE Bankex index falling 1,159.16 points to close at 45,280.90. Federal Bank fell by Rs.6.20 to Rs.116.75, Bank of Baroda fell by Rs.6 to Rs.132.40, AU Small Finance Bank fell by Rs.22.35 to Rs.640, Bandhan Bank fell by Rs.9.20 to Rs. .278.10, State Bank of India fell by Rs.16.95 to Rs.550.45, HDFC Bank fell by Rs.39.20 to Rs.1446.50, Axis Bank fell by Rs.20.10 to Rs.769, ICICI Bank fell by Rs. .20.10 down to Rs.882.75, Kotak Mahindra Bank down by Rs.29.15

It was Rs.1862.40.

Mahindra Finance falls by Rs.29 to Rs.194 : Prudent falls by Rs.49 to Rs.601 : Chawla, PNB fall

Mahindra Financial fell by Rs 29.30 to Rs 194.45, Prudential Advisors fell by Rs 48.95 to Rs 601.30, Chawla Invest fell by Rs 46.50 to Rs 738 after Mahindra Financial stopped agents for loan recovery. 10, PNB fell by Rs.2.30 to Rs.38.15, Indiabulls Housing fell by Rs.7.10 to Rs.118.20, JSW Holding fell by Rs.234.70 to Rs.4000, Canara Bank fell by Rs.13.75 to Rs. .229.15 were. However, JM Financial increased by Rs.3.95 to Rs.75.35, Crisil increased by Rs.31.10 to Rs.3285.

In consumer durables stocks, Dixon falls by Rs.142 to Rs.4325: Bajaj Electric, Titan fall

The BSE Consumer Durables Index fell 760.87 points to close at 42449.77 due to massive selling of funds in the stocks of consumer durables companies. Dixon Technology fell Rs.142.20 to Rs.4325.10, Aditya Birla Fashion fell by Rs.10.05 to Rs.334.60, Bajaj Electric fell by Rs.31.85 to Rs.1078.25, Titan Company Rs.65.45 It was reduced to Rs.2672.45.

Sensex, Nifty tumble with wide gaps in small, mid-cap stocks: 2580 stocks close negative

Market breadth was very poor with foreign funds index Sensex, Nifty based selling heavily and small, mid cap, cash stocks continuing to sell off. Out of total 3587 scrips traded in BSE, only 896 gainers and 2580 decliners.

Investors' asset-market capitalization in stocks is Rs. 4.90 lakh crore reduced to Rs.276.64 lakh crore

With wide gaps in small, mid-cap, cash stocks today, frontline, heavyweight stocks were battered, investor wealth, i.e. aggregate market capitalization of companies listed in BSE, fell by Rs.4.90 lakh crore to Rs.276.64 lakh crore today.

FPI/FIIs' massive net selling of Rs.2900 crore in cash : DIIs' net buying of Rs.299 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs had massive net selling of shares worth Rs.2899.69 crore in cash segment today-Friday. A total of Rs.9164.90 crore was sold against a total purchase of Rs.6265.22 crore. While DII-domestic institutional investors made net purchases of Rs.299.10 crore in the cash segment today. A total of Rs.6137.01 crore was sold against a total purchase of Rs.6436.11 crore.

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