The Indian benchmarks ended the day on a sharply negative note on August 27, 2013. The Indian equity markets nosedived and ended on a weak note. Most of the decline was attributable to the fall in the Indian Rupee that plunged to a new lifetime low during the day. Stocks across the board ended on a weak note with those from the banking, capital goods, power and PSU space facing the maximum selling pressures. The BSE-Sensex closed down by about 590 points while the NSE-Nifty closed down by 189 points. The BSE Mid Cap and the BSE Small Cap indices closed on a weak note as well and were down by 2.1% and 1.7% respectively.
Further, the market breadth closed negative as one stock was seen advancing against two declining stocks.
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