MUMBAI: The S&P BSE Sensex shed some of its losses on Tuesday as the intraday fall in rupee got arrested on reports that the government might issue special bonds for non-resident Indians. There are also reports that the Reserve Bank of India may have intervened after the recent sharp fall. At 02:15 p.m.; the partially convertible rupee was at 58.45, down 30 paise, against its previous all-time closing low of 58.14. The Indian unit recovered after falling to record low of 58.98 in trade today. At 02:15 p.m.; the 30-share index was at 19,257.68, down 183.39 points or 0.94 per cent. It touched a high of 19,418.74 and a low of 19,121.18 in trade today. The Nifty was at 5,823.10, down 54.90 points or 0.93 per cent. It touched a high of 5,868.05 and a low of 5,781.10 in trade today. The S&P BSE Midcap Index fell 1.37 per cent and the S&P BSE Smallcap Index was 1.72 per cent lower. The S&P BSE Realty Index fell 3.34 per cent, the S&P BSE Metal Index was 3.33 per cent lower, the S&P BSE Bankex was down 1.62 per cent and the S&P BSE Power Index slipped 1.50 per cent. Jindal Steel (14.22 per cent), Hindalco (5.97 per cent), Tata PowerBSE -5.87 % (5.42 per cent), ICICI BankBSE -3.75 % (3.42 per cent) and ONGC (3.15 per cent) were among the top Nifty losers. Cipla (1.71 per cent), Bajaj AutoBSE 0.83 % (1.08 per cent), HeroMotoCorp (0.76 per cent), Wipro (0.67 per cent) and GAIL (0.69 per cent) were among the top gainers. The market breadth was negative on the BSE with 602 gainers against 1,626 losers. Foreign institutional investors sold shares worth Rs 114 crore and domestic institutional investors sold equities worth Rs 69.75 crore on Monday as per the provisional data from the National Stock Exchange. European markets opened in the red tracking losses in other Asian peers. The FTSE 100 was down 0.70 per cent, the CAC 40 was 0.69 per cent lower and the DAX moved down 0.74 per cent.

Source