Share Market
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Expansion
The domestic stock market is looking disappointing on Thursday. The market has opened weak on the fourth trading day of the week. At the time of opening of the market, the Sensex was seen trading at 58,877 points, down by about 228 points. On the other hand, Nifty slipped below the level of 17500 points and was trading at 17434.90 points. In the early trading session of the market on Thursday, the shares of IndusInd Bank are seeing a fall of five percent while the shares of Hindalco are seeing a fall of three percent. Of the 30 stocks of the Sensex benchmark, 26 stocks are seen trading on the red mark.
Rupee falls to record high
The Indian rupee on Thursday hit a new record low of 83.075 against the US currency as the US dollar index moved above 113 points. The domestic currency has registered a decline of more than 11% so far in this calendar year 2022. On Wednesday, the rupee crossed the level of Rs 83 against the dollar for the first time due to the continuous strengthening of the US dollar.