Punjab Newsline | Business
The Indian stock market opened sharply lower on Friday, the final trading day of the week after remaining closed on Thursday on account of Ram Navami.
In early trade, the 30-share BSE Sensex plunged 926.92 points to 74,346.53, reflecting heavy selling pressure across sectors. Similarly, the 50-share NSE Nifty dropped 280.95 points to 23,025.50.
Amid the weak market sentiment, the Indian currency also came under pressure. The rupee depreciated by 28 paise against the US dollar, hitting an all-time low of 94.24 in early trading.
The sharp decline in benchmark indices indicates cautious investor sentiment at the start of the trading session, with global cues and currency weakness weighing on the market.