The S&P BSE Sensex plunged over 150 points in morning trade on Monday, tracking Asian markets which were trading lower after China factory activity contracted and the yuan weakened to near a five-year low.
The Nifty50 came under pressure to break below its crucial support level of 7,950, weighed down by losses in IT, oil & gas, metal, banks and auto stocks.
The rupee fell 17 paise to 66.31 against the US dollar in early trade on Monday after weak Chinese manufacturing PMI readings sparked selling across Asian currencies.
The domestic currency had closed at 66.14 against the greenback on Friday.
BUY ALKEM ABOVE 1570 TGS 1585-1600-1620 STOPLOSS 1540
The Nifty50 came under pressure to break below its crucial support level of 7,950, weighed down by losses in IT, oil & gas, metal, banks and auto stocks.
The rupee fell 17 paise to 66.31 against the US dollar in early trade on Monday after weak Chinese manufacturing PMI readings sparked selling across Asian currencies.
The domestic currency had closed at 66.14 against the greenback on Friday.
BUY ALKEM ABOVE 1570 TGS 1585-1600-1620 STOPLOSS 1540
JOIN WITH: CAPITAL GROW FINANCIAL SERVICES
0 comments:
Post a Comment