The Bombay Stock Exchange sensitive index, Sensex, fell for the third day on Thursday.
The benchmark index declined by 130 points to 17463.04 from 17592.77 on Wednesday, on concerns over corporate earnings against the backdrop of high inflation and rising interest rates.
The NSE Nifty also declined further by 27.75 points to end at near 8-month low of 5225.80 against 5253.55. It touched a low of 5196.80 Shares of most of Anil Ambani group companies rose by up to 9.45 per cent, a day after the scrips were battered on bourses. After Wednesday's sharp fall, the ADAG has sought an immediate probe into the role of bear cartels in destabilising its stocks and other infrastructure companies. The surge was led by Reliance Infrastructure, which advanced by 9.45 per cent to settle at Rs. 585.25 on the BSE.
Rupee sheds 24 paise
The rupee depreciated for the second day in a row by over 24 paise against the dollar on Thursday and closed at 45.7250/7350 against 45.48/49 on Wednesday. The rupee opened weak at 45.57/58. It touched a high of 45.50. Later, it dropped to end at 45.7250/7350. — PTI