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The
benchmark indices settled over 1 per cent lower as the rupee hit a new record
low of 72.72 in intra-day deals.The S&P BSE Sensex ended at 37,413, down 509 points while the
broader Nifty50 index settled at 11,287, down 151 points. In the broader
markets, both S&P BSE MidCap and S&P BSE SmallCap ended
1.4 per cent lower.Shares of fast moving consumer goods (FMCG) companies were under
pressure with Nifty FMCG index hitting its six-week low, falling 8% so far in
the current month on the National Stock Exchange (NSE) on valuation concerns in
intra-day deals.
ITC, Godrej Consumer Products, Colgate Palmolive (India),
Hindustan Unilever (HUL), Marico and Jubilant FoodWorks among the key FMCG
stocks that lost up to 4% on the NSE.Investors have lost a whopping Rs 4.2 trillion in the stock markets in past two
trading sessions after the benchmark indices fell more than 2% as the rupee hit
new lows, while fears of an escalation in the US-China tariff dispute continued
to haunt investors in broader Asian markets The Reserve Bank
of India (RBI) has approved the appointment of Amitabh Chaudhry as MD & CEO
of Axis Bank for three years with effect from January 1, 2019 up to December
31, 2021. As directed by RBI, current CEO Shikha Sharma’s term would continue
until December 31, 2018.
TOP GAINERS:COALINDIA,NTPC,INFY
MAJORLOOSERS: TITAN,TATASTEEL,ITC
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