Sensex Finishes Lower; Rupee Downtrend Continues

Indian share market continued to trade weak in the afternoon session and finished the trading session well below the dotted line.

At the closing bell, the BSE Sensex stood lower by 191 points, while the NSE Nifty finished down by 68 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 0.1% respectively.

Losses were largely seen in banking sector and auto sector.

Infosys share price surged 1.3% in today’s trade after it was reported that the company has inked a definitive agreement to a Limited Partner investment of Rs 316 million from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund.

In another development, Rallis share price finished on an encouraging note (up 3.3%) after the company announced it will acquire an additional 26.37% stake in its arm Zero Waste Agro-Organics for nearly Rs. 200 million.

Rallis share price has dropped 10% since PM Narendra Modi's announcement of demonetization of big notes on November 08, 2016.

The rupee was trading at 68.66 against the US$ in the afternoon session. Oil prices were trading at US$ 48.05 when share market news was written.

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