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Nifty slips. Rupee depreciates further

Markets have seen a sharp fall, after witnessing good trades during the early session. Sell-off was seen in private banks, FMCG and select auto stocks.

The rupee, which had appreciated sharply from day’s low after the Resreve Bank intervened by selling dollar yesterday, has again depreciated to 47.84 per dollar (down 0.43% ).

Largecaps like L&T, HUL, ICICI Bank, HDFC Bank and ITC were down 0.5-1.5%. ONGC, HDFC, TCS and Bharti Airtel were marginally in the red.

SBI slipped from day’s high, which had surged 1.8% in early trade. The stock was up 0.8%.

JSPL, Kotak Mahindra Bank, DLF, Ambuja, BPCL, ACC and Ranbaxy Labs gained 1-2%. Wipro, Sterlite, JP Associates, Reliance Communications, HCL Tech and Reliance Power were up 0.5-1%.


 

 

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