Share Market Live: Sensex tanks 288 points, Nifty drops below 11,350; Rupee dives to new all-time low vs USD

Indian stock markets (Sensex and Nifty) started in negative territory with BSE Sensex tumbling nearly 300 points and NSE Nifty tripping below 11,350 following the negative global cues led by the economic crisis in Turkey. The Indian rupee on Monday fell more than 1% against the US dollar to an all-new record low at the interbank foreign exchange market. The rupee made an all-time low at 69.6150 apeice US dollar, the bloomberg data showed. Almost all the components of Sensex and Nifty traded in red with blue-chips HDFC Bank, HDFC, Reliance Industries, SBI, ICICI Bank leading the index losses.

Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the South African rand and drove demand for safe harbours, including the US dollar, Swiss franc and yen, Reuters said in a report.

Source - FE 

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