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Weak rupee depresses equity indices; Nifty below 11,500
September 06, 2018
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Mumbai: Broadly negative global cues coupled with a weak rupee depressed the Indian equity indices on Wednesday, with the NSE Nifty50 closing below the psychological level of 11,500 points.

According to market observers, heavy selling pressure was witnessed in consumer durables, capital goods and FMCG stocks. At 3.30 pm, the Nifty50 on the National Stock Exchange (NSE) provisionally closed at 11,476.95 points, lower 43.35 points or 0.38 per cent from its previous close of 11,520.30 points.

The benchmark S&P BSE Sensex, which had opened at 38,192.95 points, provisionally closed at 38,018.31 points, lower 139.61 points or 0.37 per cent from the previous close of 38,157.92 points.

Indo-Asian News Service

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