Weak rupee depress equity indices

Mumbai, Aug 31: The key Indian equity indices closed in the red on Friday owing to a weak rupee along with a declining trend in global indices.

At 3.30 p.m., the Nifty50 on the National Stock Exchange (NSE) provisionally closed at 11,673.90 points, lower by just 2.90 points or 0.02 per cent from its previous close of 11,676.80 points.

The benchmark SP BSE Sensex, which had opened at 38,704.84 points, provisionally closed at 38,645.07 points, lower by 45.03 points or 0.12 per cent from the previous close of 38,690.10 points.

It touched an intra-day high of 38,838.45 points and a low of 38,562.21 points.

The top gainers on the Sensex were Tata Motors, Tata Motors (DVR), Power Grid, Sun Pharma and Bajaj Auto; while Yes Bank, Reliance Industries, Mahindra and Mahindra, Maruti Suzuki and Vedanta lost the most.

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