Business Standard

Equities snap two-day rally in see-saw trade

The rupee plunged to its fresh lifetime low against the dollar, weighed by persistent foreign fund outflows and a spurt in crude oil prices

stock markets
Premium

Press Trust of India Mumbai
Equity benchmarks surrendered early gains to close with modest losses on Wednesday, snapping their two-day winning streak as investors pared exposure to power, information technology, and bank stocks amid mixed trend in global markets.

The rupee plunged to its fresh lifetime low against the dollar, weighed by persistent foreign fund outflows and a spurt in crude oil prices, which also dampened sentiment, said traders.
chart
The 30-share BSE Sensex soared in opening trade, before succumbing to bouts of volatility in

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 19 2022 | 2:58 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com