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Sensex nosedives 806 pts on rising crude, rupee woes
October 04, 2018
The equity benchmark Sensex Thursday hit its lowest level in three months, crashing over 806 points to close below the 35,200-level as concerns over weakening rupee and rising crude oil prices spooked investors.


Similarly, the NSE Nifty cracked the 10,600-level by falling 259 points. The rupee plunged to an all-time low (intra-day) of 73.81 to the US dollar and global crude oil prices touched a four-year high of USD 86 a barrel, triggering worries for India on the macro-economic front.


The weakness in other Asian markets and a lower opening of the European shares also added to negative sentiments on the domestic bourses.


The 50-share NSE Nifty also cracked the 10,600-level by falling 259 points, or 2.39 per cent, to close at 10,599.25 after hitting a low of 10,547.25. -- PTI
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