Equity benchmark indices were trading higher in Wednesday’s trade amid falling crude oil prices with the Nifty50 index trading above the 10,600-mark.
On the economy front, WPI data for October will be released today.
The Indian rupee opened close to its two-month high of 72.16/$ for the first time since September 21.
Shares of oil marketing companies (OMCs) and aviation companies continued yesterday’s rally as crude oil prices continued to fall.
The Sensex is flat at 35,169, while the Nifty is slightly up by 19 points at 10,602. The market breadth, indicating the overall health of the market, was strong. On the BSE, 861 shares rose and 292 shares fell, while a total of 35 shares were unchanged.
On the sectoral front, banks, energy, metals, and consumption stocks were trading higher, while IT and tech stocks were under pressure due to weak rupee.
Volatility index India VIX was up 1.14% to 19.59.
Zee Entertainment shares dipped over 3% as the company on Tuesday said its promoters led by Subhash Chandra plan to sell up to 50% of their equity stake in the company to a strategic partner.
On the international front, the Asian stock market edged lower today due to investor concerns about slowing global growth as crude oil prices sink on worries regarding weakening world demand and oversupply.
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