Sensex today | Stock Market Highlights: Stock markets close lower as weak rupee, inflation fears after fuel price hike weigh on sentiment

Business financial concept with double exposure stock market up trading line graph and line chart with coins background. | Photo Credit: Jira Pliankharom

Sensex Today, Nifty 50 | Stock Market Highlights: BSE Sensex dropped 160.73 points, or 0.21%, to settle at 75,237.99, after swinging between gains and losses during the session. NSE Nifty settled lower by 46.10 points, or 0.19%, at 23,643.50, snapping its two-day gaining streak.

Tata Steel, State Bank of India, Eternal, Reliance Industries, UltraTech Cement, Mahindra & Mahindra, Bharat Electronics Ltd, Larsen & Toubro, Trent, Axis Bank and Asian Paints were the major laggards among Sensex stocks.

On the other hand, Infosys, Tech Mahindra, PowerGrid, Adani Ports, Maruti Suzuki India, Bharti Airtel, Kotak Mahindra Bank, Hindustan Unilever, and Sun Pharmaceuticals were major winners.

The rupee crashed below the 96 mark against the US dollar on Friday for the first time as elevated crude oil prices and inflation concerns weighed on the local unit. The local currency closed at a record low of 95.94 (provisional) against the US dollar later.