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The Indian stock markets opened higher on Wednesday tracking positive trade in global equities as data from U.S., China and Europe boosted optimism for global growth.
The Nikkei India Services Purchasing Managers' Index, or PMI, was 46.8 in December, little changed from November's 46.7. The latest reading showed contraction for the second month in a row. The S&P BSE Sensex is trading at 26,639 down five points, while NSE Nifty is trading at 8,191 down mere one points.
The BSE Mid-cap Index is trading up 0.35% at 12,248, whereas BSE Small-cap Index is trading up 0.64% at 12,394. Tata Motors, Tata Motors DVR, Ambuja Cements, Tata Steel and Hindalco are among the gainers, whereas ITC, Kotak Bank, RIL, BPCL and Bharti Airtel are losing sheen on NSE. A total of 16 stocks registered a fresh 52-week high in trade today, while two stocks touched a new 52-week low on the NSE.
Out of 1,874 stocks traded on the NSE, 330 declined, 1,092 advanced and 452 remained unchanged today.Some buying is observed in media, realty, metal, auto, IT, banking, and financial services sectors while FMCG stocks is showing weakness on NSE. The INDIA VIX is up 0.34% at 16.01.The Indian rupee higher by four paise on Wenesday at 68.13 per dollar versus previous close of 68.32/$.
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