MC:Nifty listless; Hindalco top loser, Rupee hits 7-week low
The NSE Nifty was listless since morning trade despite weak global cues. The Indian rupee has touched a 7-week low today as against the US dollar on weak euro and dollar demand from oil companies. It fell by 1.25 percent or 67 paise to 54.48 against the US dollar.
The 30-share BSE Sensex was down 20 points to 18,735.54 and the 50-share NSE Nifty declined 1.75 points to 5,695.95.
Aluminium major Hindalco Industries and two-wheeler maker Bajaj Auto topped the selling list, losing 2.6 percent and 2 percent, respectively.
Shares of Reliance Industries, Infosys, ICICI Bank and State Bank of India were down 0.2-0.5 percent.