Stock Market Today, April 23 Highlights: Domestic benchmark indices extended losses for the straight day, with Sensex and Nifty falling nearly 1 per cent each as oil prices jumped back above $100 per barrel again, the rupee tanked, along with other factors that weighed on market sentiments.
The 30-share BSE Sensex fell 852.49 points or 1.09 per cent to end the session at 77,664, while the NSE Nifty50 slipped 205.05 points or 0.84 per cent to close at 24,173.05, respectively.
Sensex losers and gainers today
Dilip Parmar – Senior Research Analyst, HDFC Securities, said, “Driven by high hedging dollar demand and a broader shift toward safe-haven assets, the Indian rupee has weakened past the 94 level against the greenback. Central bank interventions failed to arrest the slide as a simultaneous rally in crude oil and the US dollar exerted additional downward pressure. In the near term, USDINR retains its bullish momentum, with support around 93.80 and resistance at 94.60.”
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