Sensex tumbles over 700 points, NIFTY down around 200 points and Rupee breaches 62, hits record low. Index heavyweight and cigarette major ITC reversed direction after hitting an intraday high. Reliance Industries dropped extended intraday fall.

This is shocking news, somewhere I read few days back that Rupee may touch Rs. 70 mark against 1 dollar, it seems was true.

State Bank of India (SBI) hit 52-week low. The market breadth, indicating the overall health of the market, was weak. The BSE Sensex was 250.68 points down at 18347.50 & The CNX Nifty was 81.50 points down at 5426.35.

Dropping 700 points is quite insane. I think Indian economy is in serious trouble.

INDIAN Rupee hits record low below the 65 mark against the dollar. Index heavyweight and cigarette maker ITC reversed intraday losses. Bank stocks declined. The market breadth, indicating the overall health of the market, turned negative from positive. The BSE Sensex & CNX Nifty were 71.88 & 13.40 points up respectively.

Originally Posted by Anand mohan

Dropping 700 points is quite insane. I think Indian economy is in serious trouble.

Yes, But we are try to get our economy recover soon.

Bank pivotals fell. IDFC jumped after the central bank withdrew restrictions placed on the purchase of the Company’s shares by foreign investors. The BSE Sensex was 161.88 points down at 19835.57 & The CNX nifty was 42.50 points down at 5870.65. The Indian Rupee was 0.28% week against USD.

The market breadth, indicating the overall health of the market, was strong. The BSE Sensex was 539.92 points up at 20502.91 & The CNX nifty was 175.10 points up at 5860.45.

The market sentiment was hit by the Reserve Bank of India's hawkish tone at its latest monetary policy review on Friday. The market breadth, indicating the overall health of the market, was negative. The BSE Sensex was 316.76 points down at 19946.95.

In todays market opening session sensex opened at 26101.33 (+140.55) . It was up by 140.55 points. There are several factors which are responsible behind these market movements.