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The BSE Sensex opened higher by 22 points at 29021, while the Nifty50 opened higher by 1.8 points at 8948 mark.Kotak Bank is the top Nifty gainer and Wipro is the top Nifty loser in the morning hours on Wednesday. Kotak Bank is trading at Rs 825 per share up by 1% whereas Wipro is trading at Rs 492 per share, down by 0.6%.
There are 797 advances, 544 declines and 542 unchanged stocks on NSE reflecting some positive bias floating in the market.The rupee opened at 66.62 per dollar.
If Nifty50 sustains below the level of 8,925, it may then correct up to the level of 8,860. On the upside, the level of 9,000 is a strong barrier, and if it holds above the 9,000 level, it is likely to scale up to the level of 9,100.
The US stocks on Tuesday closed lower on Tuesday. The Dow Jones Industrial Average shed 30 points to end at 20,925. The S&P 500 Index declined 7 points to close at 2,368. The Nasdaq Composite slipped 15 points to finish at 5,834.
Asian stock markets are trading lower on Wednesday, tracking weak overnight cues from the Wall Street. Japan’s Nikkei 225 is down 111 points, Hong Kong’s Hang Seng has lost 10 points, while the Shanghai Composite is trading flat. The SGX Nifty, which was trading at 8,970, down by 13 points or 0.14%.
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