IBN:Sensex choppy; Rupee falls to 55.17 per dollar
Mumbai: The 50-share NSE Nifty slipped below the 5600 level for the first time in November, dragged down by banking & financials, capital goods, FMCG and auto stocks. Private oil & gas producer Reliance Industries extended losses to 1.5 per cent. The BSE benchmark was down 150 points to 18,321.52 and the NSE benchmark fell 56 points to 5,575.
The Indian rupee dropped by 47 paise to 55.17 against the US dollar. India's largest lenders State Bank of India and ICICI Bank plummeted 2.2 per cent and 2.7 per cent, respectively. The Bank Nifty tanked 1.7 per cent.
Housing finance company HDFC, engineering conglomerate Larsen & Toubro and steel producer Tata Steel were down over 1.5 per cent. Commercial vehicle major Tata Motors plunged nearly 3 per cent and top car maker Maruti Suzuki went down 2 per cent.
