Fresh measures announced by the RBI to increase the availability of cash in the banking system also gave some relief to the market.
MUMBAI: In spite of last two days' recovery, both key indices Sensex and Nifty continued to decline for the straight 5th week on persistent selling pressure due to sustained depreciation of the rupee against the US dollar.
Fresh outflows from foreign institutional investors also affected the market sentiment. Stocks of Healthcare, Auto, Realty, and FMCG sectors fell on heavy selling pressure while Metal, IT and PSU counters firmed up on good buying support.
The Sensex dropped below 18,000 level after 11 months as the rupee plunged to an intra-day record low of 65.56 per dollar on Thursday in spite of various steps taken by Reserve Bank of India.
Fresh outflows from foreign institutional investors also affected the market sentiment. Stocks of Healthcare, Auto, Realty, and FMCG sectors fell on heavy selling pressure while Metal, IT and PSU counters firmed up on good buying support.
The Sensex dropped below 18,000 level after 11 months as the rupee plunged to an intra-day record low of 65.56 per dollar on Thursday in spite of various steps taken by Reserve Bank of India.
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