The Indian rupee on Tuesday touched an all-time low, breaching the psychological mark of 70 per US dollar.
The currency touched an all-time low of 70.08 to the US dollar.
After a weak start on Monday, bulls are looking to take back the mantle as the Sensex rose over 150 points, while the Nifty reclaimed 11,400-mark. Banks are leading the recovery, with the Bank Nifty and PSU bank index gaining a percent as well. A rally in midcaps too is aiding the positive sentiment. Consumer-stocks are also trading in the green, led by gains in ITC. BSE smallcap and midcap indices outperformed the benchmarks with 0.5 percent gain. Among shares, Tata Steel is up over a percent on the back of positive numbers for the June quarter. Axis Bank, UltraTech Cement and GAIL are the other gainers, while L&T, TCS and UPL have lost the most.
It’s a positive start to the market on this Tuesday morning, with the Nifty trading around 11,400 in the opening tick, while the Sensex gained 100 points.
At 09:18 hrs IST, the Sensex was up 110.66 points at 37,755.56, and the Nifty gained 30.30 points at 11,386.10. About 654 shares have advanced, 352 shares declined, and 67 shares are unchanged.
Axis Bank, Asian Paints, Zee Entertainment, Titan, Hero Motocorp, HDFC, Page Industries are among the major gainers, while losers include L&T, TCS, IndusInd Bank, Vakrangee, Jet Airways and Gati. Nifty Bank gained 0.5 percent.
Missed call
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