New Delhi: The BSE Sensex fell over 500 points and the NSE Nifty dropped below the 11,000-level on Wednesday after the rupee crossed 73 mark against the US dollar amid sustained foreign fund outflows and increasing crude oil prices.
The BSE 30-share barometer fell 522 points, or 1.43 per cent, to 36,003.27 after hitting a low of 36,325.15.
Investors are also cautious ahead of the three-day RBI policy review scheduled to be announced this week.
The NSE Nifty fell 143 points, or 1.35 per cent, to 10,859.70.
However, Yes Bank continued its recovery for the second straight day and rose 7 per cent in the morning. ONGC, Infosys, Hero MotoCorp, ITC and Sun Pharma were also trading in the green on bargain buying in the morning.
Foreign funds sold shares worth a net of Rs 1,842 crore, while domestic institutional investors bought equities worth Rs 1,805 crore Monday, provisional data showed.
Meanwhile, Brent crude oil near USD 85 a barrel, the rupee weakening by 43 paise to hit an all-time low of 73.34 against the dollar, and a mixed trend in other Asian markets also influenced trading sentiment here.
Japan’s Nikkei fell 0.40 per cent, while Hong Kong’s Hang Seng shed 0.56 per cent in early deals. Chinese markets were closed for a public holiday.
(With PTI Inputs)