Nifty falls as rupee plunges to new low

The day started on a sluggish note following bearish sentiment across Asian markets on concerns over Greece exit from euro zone. There was more in store with the rupee hitting a new low of 56.22 which made operators nervous.

Selling was seen in banking, FMCG, auto and select heavyweights counters. The weak opening in European markets further hit the sentiment. Though, some low level buying in frontline counters helped the market to cut short its losses.

The 50-share index traded between a high of 4,853.75 and low of 4,803.95 before concluding at 4,835.65, a loss of 24.85 points, or 0.51 per cent, over the last close.

Bharti Airtel, Kotak Bank, Sesa Goa, Bank of Baroda, Tata Power, SAIL, Jindal Steel, PNB, JP Associates and Ambuja Cement were the top percentage-wise losers from the Nifty.

GAIL, Ranbaxy, IDFC, M&M, Dr Reddys, SBIN, Wipro, Coal India, Hindunilvr and Asian Paint topped the gainers' list.

Turnover in cash segment dropped to Rs 8,439.38 crore from Rs 9,013.31 crore yesterday. In all, 4,964.09 lakh shares changed hands in 48,80,530 trades. Market capitalisation stood at Rs 55,95,326 crore.