Mumbai, 3 December. The decline in the domestic stock market continues and for the fourth consecutive trading session, both the benchmark indices closed with slight losses. While BSE Sensex fell by 31 points amid limited trading on Wednesday, NSE Nifty slipped below the 26,000 level with a weakness of 46 points.

Indian rupee reaches new record low against US dollar

Stock market experts believe that the stock markets closed with a decline due to the Indian rupee reaching a new record low against the US dollar. This led foreign institutional investors (FIIs) to book profits while the currency’s weakness impacted their dollar-adjusted returns.

Sensex closed at 85,106.81, down 31.46 points

The 30-share sensitive index Sensex of Bombay Stock Exchange (BSE) closed at 85,106.81 points, down 31.46 points or 0.04 percent. During trading, it had slipped below 85,000 to 84,763.64, down by 374.63 points. However, it recovered to a great extent in the last hours. Among Sensex companies, 20 shares declined and 10 closed with gains.

Nifty stopped at 25,986.00 with a weakness of 46.20 points.

National Stock Exchange (NSE)’s standard index Nifty based on 50 shares also slipped by 46.20 points or 0.18 percent and settled at 25,986.00 points. During trading it had slipped to 25,891.00. Among Nifty companies, shares of 12 were in profit while 38 recorded loss. BSE Midcap fell 0.95 percent and Smallcap 0.43 percent.

Highest in India Electronics 2.13, decline of

Among the companies included in the Sensex, the stock of Bharat Electronics fell the most by 2.13 percent. Shares of Mahindra & Mahindra, Titan, NTPC, State Bank of India, Adani Ports, Tata Motors Passenger Vehicles and Bajaj Finserv were also major losers. On the other hand, the stocks in profit include Tata Consultancy Services, ICICI Bank, Infosys and HDFC Bank.

FII has 3,642.30 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 3,642.30 crore on Tuesday while domestic institutional investors (DIIs) bought shares worth Rs 4,645.94 crore. Global oil benchmark Brent crude rose 0.99 percent to $63.07 per barrel.

Rupee fell below 90 for the first time, Record low of 90.21 per dollar

Meanwhile, the Indian rupee fell below 90 per dollar for the first time on Wednesday amid continuous withdrawal of foreign capital and high crude oil prices. In the interbank foreign exchange market, the rupee fell by 25 paise to close at 90.21 per dollar (provisional), which is its lowest ever level.

In the interbank foreign exchange market, the rupee started trading at the level of 89.96. During trading it slipped to a record low of 90.30 per dollar. At the end of trading, the rupee closed at 90.21 per dollar (provisional), which is 25 paise lower than the previous trading session.