Sensex sees biggest fall since Nov, 2016, Nifty ends below 9,850; ITC drags

By | August 19, 2017

A steep fall in index heavyweight ITC and a negative lead from Asian markets pushed the domestic market lower on Tuesday, away from record highs while investors bet more on individual stocks amid the June quarter earnings season.

Meanwhile, dollar fell to a 10-month low on Tuesday, bearing the brunt of a selloff triggered by another setback to US President Donald Trump’s agenda and scaled back expectations for another rate hike at Federal Reserve this year.

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