Sensex closes 72 pts down at two-week low

July 10, 2014 04:35 pm | Updated November 16, 2021 05:37 pm IST - Mumbai

A stock broker in a Mumbai stock broker's office, watches the wide fluctuations in the BSE. The Sensex saw wide fluctuations on the day of the Union Budget 2014-15. Photo: Vivek Bendre

A stock broker in a Mumbai stock broker's office, watches the wide fluctuations in the BSE. The Sensex saw wide fluctuations on the day of the Union Budget 2014-15. Photo: Vivek Bendre

Highly volatile trading marked the day as the new BJP-led government presented its first Union Budget on Thursday.

Stock indices recorded losses as market participants resorted to profit-booking, even as the rupee tumbled below the 60-mark against the dollar.

The S&P BSE Sensex closed at 25372.75 with a loss of 72.06 points. The benchmark index touched an intra-day high of 25920.46 and a low of 25117.

Even though BSE-100 lost 0.01 per cent, BSE-200 was up by 0.05 per cent and BSE-500 0.10 per cent.

Mid-cap stocks also ended in the positive territory with a gain of 0.60 per cent and small-cap was up by 0.76 per cent.

On the National Stock Exchange (NSE), the 50-share Nifty closed at 7567.75 with a loss of 17.25 points.

Rupee tumbles

Moving in tandem with equities, the rupee on Thursday tumbled 44 paise, posting its biggest drop in nearly a month, to end at 60.19 against the dollar. A firm dollar overseas and demand for the U.S. currency from importers weighed on the rupee, dealers said. At the inter-bank foreign exchange market, the rupee commenced strong at 59.63 and improved further to a high of 59.57 on sustained dollar selling by exporters. However, late profit-booking in domestic stocks ulled it down to a low of 60.22 before settling at an almost three-week low of 60.19.

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