Rexit: Markets recover after morning slump of 170 points, rupee falls

Key equity indices Sensex and Nifty on Monday morning opened in the red only to recover strongly, following Reserve Bank of India governor Raghuram Rajan saying no to a second term.The 30-scrip Sensitive Index (Sensex), was trading 139.34 points or 0.52 per cent lower during the initial morning session. The Rupee slumped 60 paise to 67.68 per dollar said a report in The Indian Express.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 56.95 points or 0.70 per cent lower at 8,113.25 points.The Sensex of the BSE, which opened at 26,497.11 points, was trading at 26,486.57 points (at 9.16 am) in the early session, lower 139.34 points or 0.52 percent from the previous day’s close at 26,625.91 points.

Live updates: 

9.34 am: Sensex recovers almost 200 points from opening lows, now at 26,644.99 points +0.07%; Nifty recovers 60 points from opening lows, now at 8167.30 -0.04%

9.30 am: Sensex down 17.65 points, now at 26,608.26; Nifty at 8,156.55, down 13.65 points

9.22 am: Nifty recovers 30 points from opening lows, now at 8137.30 -0.40%

9.20 am: Sensex recovers 100 points from opening lows, now at 26,544.76, down 81.15 points, Nifty at 8140.65 -0.36%

9.15 am: Nifty Midcap 100 13254.50 -0.78%: BSE Small Cap 11379.99 -0.48%

Nifty Bank 17541.50 -0.87%: BSE Bank Index 20050.27 -0.96%

9.10 am: Sensex opens 153.40 pts lower, currently at 26472.51; Nifty at 8111.10

9.07 am: Rupee slumps 60 paise to 67.68 per dollar