Sensex plummets 468 pts on rupee woes, Nifty below 11,450

Key benchmark Sensex and Nifty clocked its steep fall on Monday as a new record low in rupee raised fresh concerns over foreign fund outflows, which hit Rs 5,600 crore in the last five sessions.  

The 30-scrip Sensex tanked 467.65 points to 37,922.17 while the NSE Nifty ended the session at 11,438.10, down 151 points. In the Sensex, 8 stocks closed higher and the remaining 42 ended lower. Selling force was gripped in FMCG, consumer durables, telecom, finance, banks realty, metals, power, energy and auto sectors. 

HCL Tech up 1.54%, Axis Bank rose 0.92%, Zee went up 0.66%, Cipla higher 0.24%, and TCS up 0.20%. On the other hand, Bajaj Finance, Indiabulls Housing Finance, Bajaj Finserve and Sun Pharma were top losers. Pharma, auto, FMCG, realty and financials stocks too helped the Nifty PSU Bank index in dragging the NSE benchmark Nifty lower.  

Bank Nifty closing the session 1.02 per cent lower at 27,201.75. Besides, all the Nifty sectoral constituents ended in the red, with Nifty Pharma Index closing 2.01 per cent lower at 10,446.50. 

Shares of RITES Ltd jumped over 3.45% on NSE after the company announced that it has obtained an additional work of Rs 294.67 crore from the Ministry of Railways.

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Sensex closed Higher, Nifty up 52.20, Tomorrow Stock Tips

Share benchmark indices closed higher on Friday supported by strong gains in automobiles and metal stocks after the domestic currency strengthened against US dollar. BSE Sensex closed higher by 147.01 points to 38,389.82, while the NSE Nifty50 rose 52.20 points to close at 11,589.10. 

Hero MotoCorp, Bajaj Auto, Lupin, Bharti Airtel and Mahindra and Mahindra were top gainers while Yes Bank, Adani Ports, Power Grid, Sun Pharma and SBI were major losers on the NSE.  

Auto companies have announced strong sales data in the month of August and the auto stocks are expected to gain ahead of the upcoming festival. 

The Nifty Auto index settled 2.20% higher at 11,036.65 led by a rise in the share prices of Hero MotoCorp, Bajaj Auto, Motherson Sumi and Mahindra and Mahindra. The nifty Metal index also advanced 1.86% led by MOIL, Jindal Steel, Hindalco and Tata Steel as top rising components.

Closing bell Rupee recovery, Sensex up 200 Pts, Nifty high

Closing Updates- The Market closed moved on a positive note, with rupee's recovered moment on Thursday. The India Rupee, after it slips to a record low of 72.10/USD, supported the market end the day in green sound as well. The Nifty reclaimed 11,500 marks and ended above the threshold.

At Closed of the market- The Sensex closed higher 224.50 points or 0.59% at 38242.81, while the NSE Nifty closed up 59.90 points or 0.52% at 11536.90. The market breadth is positive as 1,582 shares advanced, against a decline of 1,105 shares, while 191 shares were unchanged. 

Reliance 2.77%, Cipla 2.31%, Coal India 2.07%, NTPC 2.02%, Sunpharma 1.92%, Lupin 1.79%, Kotak bank 1.65%, PowerGrid 1.58%, UPL 1.53%, Adani ports 1.44% were top Gainers today. While top Losers ZEEL 2.44%, Hindalco 1.73%, Bajaj Finance 1.65%, Maruti 1.59%, IBULHSGFIN 1.42%, Yes bank 1.37%, Eichermot 1.02%, Asian paints 0.60%, SBIN 0.56%, Infosys 0.53%.

Tomorrow 07 Sep (Friday) Best Stock Recommendation- 
BUY AARTIDRUGS ABOVE 628 TARGETS 634, 640, 646 STOPLOSS 616
BUY JUBILANT ABOVE 765 TARGETS 772, 779, 786 STOPLOSS 751

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