Weakness in rupee laid heavy on the stock Market. Actually, the 1 dollar value reached to Rs 67.70 level. Experts have fears of a further decline in Rupee. Domestic markets are under pressure due to demonetization and weakness in Rupee. In starting session We have seen sell-off in the market. SENSEX closed nearly with the decline of 2%; while Nifty breaks up to 2.25%.
Bank Nifty slipped to 2.25% closed at Rs.19300 level. However, buying has seen in PSU Banks. The Nifty PSU Bank index closed with gain of 2.25%. Buying trend in IT shares, IT index closed with gain of 0.5%.
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