Market Closing: Rupee Hits Record Low of 89.78 Against Dollar; Nifty Slides Despite 8.2% GDP Growth

In this edition of Market Closing, anchors Abha Bakaya and Shail Bhatnagar discuss the sharp depreciation of the rupee, which hit a record low of 89.78 against the dollar. Despite a robust Q2 GDP growth of 8.2%, the Nifty slid below 26,200, weighed down by currency woes and foreign outflows. Sneha Poddar, Vice President at MOFSL, highlights the stellar performance of the auto sector, with Maruti Suzuki recording 26% year-on-year growth and Bajaj Auto gaining 8% on strong November sales. The show also features insights from market veteran Shankar Sharma on the sustainability of the rally. The anchors examine the impact of the 'Health Security and National Security Cess Bill' tabled in Parliament and the upcoming RBI policy meeting.