Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 gives up 16,100 — rupee hits record closing low

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Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 fell around one percent on Tuesday amid weakness across global markets as nervousness persisted among investors on steep hikes in interest rates and their impact on economic growth. Losses across most sectors pulled the headline indices lower, with financial, IT and FMCG shares being the biggest drags. The Nifty Midcap 100 and Nifty Smallcap 100 indices fell around half a percent each. HCL Tech shares fell nearly two percent as investors awaited the IT company’s financial results due later in the day. 

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