Web Analytics Business News This Week BSE Sensex slips to 21 months Low @ 18,719.29 | Business News This Week

Jun 20, 2013

BSE Sensex slips to 21 months Low @ 18,719.29

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BSE Sensex
What could more measurable to the stock market investors as the barometer Sensex dived to the 21 months lowest figures at 18,719.29 points on Thursday. The BSE Sensex was closed at 18,719.29 points shedding 526.41 points or loss of -2.74%.

The stock market lost confidence due the negative sentiments due to the steep fall in the value of rupees against US dollar. The Dollar costs around 59 rupees against Indian rupees.

The market could dip further if the devaluation of rupees continues further, which is at around 59.95 rupees against dollar in the currency market. The BSE witnessed the 21 month low mark on Thursday and the major scrips reported loss in the trade.

On the other hand, the National Stock Exchange NSE tumbled to 5,655.90 points losing 166.35 points or -2.86%. The fall in the rupees value also weighed high on the Indian economy, resulting hike in the price of petrol and LPG.


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