Business Standard

Sensex ends lower as energy stocks drag

Image

Reuters
(Reuters) - Indian shares ended lower on Wednesday, following two successive record closing highs, dragged by energy giants such as Reliance Industries Ltd and Coal India Ltd.
The benchmark BSE Sensex closed down 0.45 percent at 38,722.93. The broader NSE Nifty ended 0.40 percent lower at 11,691.9.
Reliance fell from record highs earlier in the session to close 2 percent lower. It had gained for the last seven sessions.
Coal India ended 2.1 percent lower after three sessions of gains.
The Indian rupee touched a record low of 70.58 to the dollar, tracking weakness in Asian peers along with strong month-end dollar demand back home.
(Reporting by Arnab Paul in Bengaluru; Editing by Sunil Nair)

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: Aug 29 2018 | 4:02 PM IST

Explore News