Sensex extends losses, Nifty breaks 9200 on weak global cues
Equity benchmarks opened flat on Wednesday after a rally in previous session, as investors turned cautious ahead of Infosys earnings due tomorrow.
The 30-share BSE Sensex was up 0.38 points at 29,788.73 and the 50-share NSE Nifty fell 1.90 points to 9,235.10. About 420 shares advanced against 181 declining shares on the BSE.
Reliance Industries was the biggest gainer among Sensex stocks after the company unveiled new plan for subscribers.
Axis Bank, ONGC, ICICI Bank, Sun Pharma, Eicher Motors, IOC, Ambuja Cements and Yes Bank were other early gainers while Wipro, Bharti Airtel, Tata Motors, Cipla, M&M, HDFC and Tata Motors were losers.
The Indian rupee slipped in the early trade today. The rupee has opened lower by 13 paise at 64.62 per dollar versus 64.49 Tuesday.
He expects the USD-INR pair to trade in a range of 64.20-64.70/dollar.
The dollar languished at a five-month low versus the yen as simmering geopolitical tensions checked risk appetite and put the safe-haven Japanese currency in favor.
Asian markets were mostly lower today, as tensions continue to ratchet up on the Korean Peninsula following a warning from North Korea of a nuclear attack on the US.
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