The S&P BSE Sensex is trading at 25,859 down mere five points, while NSE Nifty is trading at 7,828 down 10 points. The BSE Mid-cap Index is trading up 0.18% at 10,730, whereas BSE Small-cap Index is trading up 0.19% at 11,255.
Sun Pharma, Tata Motors, BHEL, ITC, L&T and NTPC are among the gainers, whereas Infosys, ONGC, Vedanta, GAIL, Hero MotoCorp, Hindalco and TCS are losing sheen on BSE. The Indian rupee opened lower by 11 paise at 66.13/$ in early trade on Wednesday. Indian rupee lost ground, with values moving again above 66 levels against the greenback. Burgeoning strength in US dollar against the basket of major currencies is taking a toll on the emerging markets. In addition, Indian rupee was also weighed down by subdued export numbers. In this respect, Indian exports during October contracted 17.5% on yoy basis.
The mid-cap and small-cap stocks will continue to see action. The rupee could see some firming up. Geopolitical worries have put pressure on US indices. The Dow ended flat while S&P 500 closed marginally lower. Nasdaq managed to close a tad higher. Asian markets are also on a subdued note. The FOMC minutes later today will be in focus for international investors. NITI Aayog vice-chairman Arvind Panagariya says he is optimistic about Indian achieving 8% growth this year and is awaiting Q2FY16 growth figures.
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