The S&P BSE Sensex is trading at 27,150 down 104 points, while NSE Nifty is trading at 8,205 down 28 points. The BSE Mid-cap Index is trading up 0.26% at 11,127, whereas BSE Small-cap Index is trading up 0.32% at 11,490.
Some buying activity is seen in consumer durable, fmcg, capital goods and auto sectors, while banking, metal, oil & gas, pharma, IT and realty sectors are showing weakness on BSE. Bharti Airtel, BHEL, Tata Steel, HDFC Bank, ITC, GAIL, Maruti Suzuki, Tata Motors, Hindalco, HDFC and SBI are among the gainers, whereas Axis Bank, ICICI Bank, Lupin, ONGC, NTPC, Coal India and Dr.Reddy's Lab are losing sheen on BSE.
Indian Rupee today opened lower by 10 paise at 65.04/$ in early trade on Wednesday. On global cues, market participants will prefer to remain on the sidelines ahead of US FOMC policy meeting statement today. Markets will also keep an eye on US advance Q3 GDP reading tomorrow.
Jet Airways and JK Tyre results will be in focus. No one is talking of a Diwali rally as yet even as investors come to terms with the results underway. Global cues are offering no support. Wall Street ended lower and Asian markets too are mostly in the red. US crude oil saw a fall of over 1.5%.
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