Mumbai: The BSE Sensex plunged over 400 points in afternoon session Monday after the rupee breached 72.50 mark against the US dollar for the first time ever amid weak Asian cues.
Sensex plunges over 400 points as rupee breaches 72.50 mark for first time
The broader Nifty-50 index also trading lower below 11,500 market at 11,470.65, down 118.45 points, or 1.02 per cent. Heavy selling was witnessed in FMCG, telecom, consumer durables, finance, oil and gas, realty, power, metals, banks, energy, auto and utilities sectors. Major losers were SBI, IndusInd Bank, Vedanta, Kotak Bank, Sun Pharma, RIL and HDFC falling up to 2.52 per cent.
While, Wipro, NTPC, Axis Bank and Adani Ports bucked weak market trend, gaining up to 0.79 per cent. Most Asian markets were trading lower as trade tensions between the US and China remained in focus, China's trade surplus with the United States widened to a record in August. US stocks closed lower last Friday with the Dow Jones Industrial Average ending 0.31 per cent lower.