Indian stock market opened flat buoyed by the mixed sentiments over the ongoing second-quarter earnings season. BSE Sensex opened 3.07 points or 0.01% higher at 32,944.94 while NSE Nifty shed 14.65 points or 0.14% to begin at 10,171.95. Meanwhile, Asian stocks slipped on Wednesday after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth. Brent lost 1.2 percent to $61.48 per barrel. US stock indexes fell on Tuesday as General Electric shares plunged for a second straight day and a drop in crude oil prices hit energy stock.
Indian stock market ended lower on Wednesday following the negative sentiments over trade deficit that widened to an almost three-year high. Most shares of the Reliance ADAG tumbled sharply amid heavy trading volumes with the RCom falling to single digits.
Amid the heavy trading volumes on Wednesday, most shares of the Reliance ADAG tumbled heavily in the late afternoon trade on Wednesday.
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9.55 am: Sensex, Nifty fall in red after starting flat; Rupee strengthens on crude weakness: Sensex and Nifty extended losses on Wednesday led by a number of factors including higher inflation data, mixed sentiments over the ongoing second-quarter corporate earnings, foreign portfolio investors’ exit from equities and profit booking.
8.59 am: Stocks of JP Associates, MOIL, Bank of Baroda, Sun Pharma, Jain Irrigation, Reliance Capital in focus today: Indian stock markets are likely to open lower on Wednesday as most of the Asian stocks fell in the early trade today.