Story perspectives

Indian Markets Tumble as Rupee Hits Record Low

1/9/2025

49 3

Summary

Story summary

Indian equity indices Sensex and Nifty declined on January 8, 2025, due to cautious investor sentiment and U.S. interest rate concerns.
Sensex decreased by 50.62 points to 78,148.49, while Nifty fell 18.95 points to 23,688.95.
HDFC Bank and ICICI Bank underperformed, whereas Reliance Industries rose by 2%.
Foreign Institutional Investors sold equities worth INR1,491.46 crore, adding to market pressure.
The Indian rupee reached a record low of 85.8575 against the U.S. dollar amid rising U.S. bond yields.

1 of 1

Story summary

Indian equity indices Sensex and Nifty declined on January 8, 2025, due to cautious investor sentiment and U.S. interest rate concerns.
Sensex decreased by 50.62 points to 78,148.49, while Nifty fell 18.95 points to 23,688.95.
HDFC Bank and ICICI Bank underperformed, whereas Reliance Industries rose by 2%.
Foreign Institutional Investors sold equities worth INR1,491.46 crore, adding to market pressure.
The Indian rupee reached a record low of 85.8575 against the U.S. dollar amid rising U.S. bond yields.