Market Opens: It is a weak start for the benchmark indices on Wednesday with Nifty slipped below 11,650 level.
At 09:17 hrs IST, the Sensex is down 60.01 points at 38879.21, while Nifty is down 19.10 points at 11,652.90. About 314 shares have advanced, 431 shares declined, and 38 shares are unchanged.
Wipro, Yes Bank, Cipla, Infosys, ONGC, RIL, HCL Tech, HUL, Tech Mahindra, Bajaj Finance are among major gainers on the indices, while losers include HDFC, HDFC Bank, Hindalco, Hero Motocorp, Grasim, UltraTech Cement and Gail,
On the sectoral front, auto, infra, metal, pharma and infra are under pressure, while IT space is trading higher.
Rupee Opens: The Indian rupee opened flat at 69.28 per dollar on Wednesday versus previous close 69.29.
Market at pre-open: Benchmark indices are trading lower in the pre-opening with Nifty around 11,650 level.
At 09:03 hrs IST, the Sensex is down 96.44 points or 0.25% at 38842.78, and the Nifty down 20.70 points or 0.18% at 11651.30.
HDFC Bank, Zee Entertainment, SBI, Hindalco are trading lower in the pre-opening session.
SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall 30.50 points or 0.26 percent. Nifty futures were trading around 11,719.50-level on the Singaporean Exchange.
Asia trading weak: Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated.
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