Stock market affected due to fall in rupee value

The Indian rupee is weakening against the dollar on a daily basis, which is having a significant impact on imports. In this scenario, investors are feeling concerned. The depreciation of the rupee is also negatively affecting the stock markets, causing domestic indices to start the week with losses. Additionally, international negative signals are contributing to the losses in Sensex and Nifty.

Compared to the previous session close of 85,712, Sensex opened on Monday morning with a loss of around 100 points and subsequently fell further. As of 9:45 AM, Sensex is continuing at 85,502, down 209 points. On the other hand, Nifty is following a similar downward trend, currently trading at 26,116, down 69 points.

In the Sensex, shares of HDFC, MCX India, Amber Enterprises, Dalmia Bharat, and Tech Mahindra are in profit. Meanwhile, shares of Can Fin Technologies, Godrej Properties, Hero MotoCorp, Prestige Estates, and Mazagon Dock are trading in the red. Bank Nifty is down 200 points, while Nifty Midcap Index is down 42 points. Against the dollar, the rupee’s exchange rate stands at 90.08.