Sensex breaks rally to open 63 pts lower but stays above 61,000, Rupee tumbles to 82.65

Although media performed well, IT, metal and auto lost big to drag the markets down.

FPJ Web DeskUpdated: Wednesday, November 02, 2022, 09:50 AM IST
article-image
Representational image | File

Sensex started the day in the red after a flying start to the week by losing 63 points, while Nifty also dropped marginally top open at 18,116. At the same time, Sensex also managed to stay above the 61,000 mark, as media and banking stocks made gains. As for laggards, IT, metals and auto lost the most, while the world awaits US Federal Reserve's decision on rate hikes.

The Rupee also tumbled 6 paise against the dollar to start the day at 82.65.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Gold imports fall by 17% in Apr-Oct to $24 billion

Gold imports fall by 17% in Apr-Oct to $24 billion

Battle for Reliance Nippon Life Insurance: Nippon top brass likely to visit India, have concerns...

Battle for Reliance Nippon Life Insurance: Nippon top brass likely to visit India, have concerns...

Indian pharma exports go up by 4.22% to $14.57 billion during April-October in current fiscal

Indian pharma exports go up by 4.22% to $14.57 billion during April-October in current fiscal

Gas price review panel likely to recommend price cap for ONGC gas, no change in formula for Reliance

Gas price review panel likely to recommend price cap for ONGC gas, no change in formula for Reliance

IDBI Bank to continue as 'Indian private sector bank' post strategic sale; govt's 15% residual stake...

IDBI Bank to continue as 'Indian private sector bank' post strategic sale; govt's 15% residual stake...