Market closes flat: Sensex, Nifty marginally up on tepid cues from global markets; HDFC, RIL, IT stocks close with gains
Sensex ended 59 points higher after a highly volatile session on Monday amid tepid cues from global markets as concerns over COVID-19 kept investors on edge.
Sensex slips 56.87 points to 41,249.16 in early deals, Nifty down 13.60 points at 12,124.35; Rupee drops 9 paise
Sensex was trading lower by 56.87 points or 0.14 percent at 41,249.16, while the broader NSE Nifty fell 13.60 points or 0.11 percent to 12,124.35 in early morning trade.
Rupee slips 24 paise to 70.63 against dollar in early trade; fresh fund inflows, easing crude prices cap losses
Forex traders said strength in the US dollar against some currencies overseas weighed on the rupee
Forex dealers said besides strong demand for the American currency from importers, concerns of fears of rising fiscal deficit and capital outflows weighed on the domestic currency.
The rupee had lost 6 paise to close at 72.69 on Tuesday due to sustained demand for the American currency amid soaring crude prices.