India stock markets have opened Wednesday on a flattish note. The BSE Sensex is trading lower by 19.65 points at 33,817.05 while the NSE Nifty is trading lower by 4.95 points at 10,458.25 in later morning hours.
Sectorally, Stocks of automobile and energy witnessing maximum buying interest, while banking sector & FMCG stocks opened the day in red. Shares of Maruti Suzuki India Ltd touched Rs. 10,000-mark. After opening at Rs. 9970 against the previous close of Rs 9804.50, the scrip crossed an intraday peak of 10,000 and a low of Rs 9,864.35.
Shares of Religare Enterprises Ltd rose 5 percent to Rs73.15 after Edelweiss announced it will take in Religare’s securities operations.
Shares of Reliance Communications (RCom) rose 5.7 percent to Rs. 13.50, after the group of bond-holders of RCom has hired advisers after the company defaulted on its dollar-denominated notes earlier.
PSU Banks including. PNB, Indian Overseas Bank, Syndicate Bank, sbi among other fell in the early hours.
Bitcoin prices declined near 10% to less than USD 17,000 on Tuesday, while The Indian rupee is trading at 64.12 to the US dollar.