Sensex & Nifty opened lower tracking Asian cues, as Asian markets were trading lower ahead of U.S Fed Reserve’s policy results later today. The BSE Sensex was trading at 33,17696, down 51 points, while the broader Nifty 50 was ruling at 10,228, up by 12 points in the late morning hours.
GAIL India, Bharti Airtel and ONGC are the top gainers, while ITC, Adani Ports and Vedanta Ltd lost the most both on Sensex and Nifty in the morning hours
Shares of Yes Bank fell 0.24 percent. The bank said it has been allocated 9.40 lakh equity shares under the anchor investor portion to the IPO.
Shares of Bharti Airtel Limited rose 1.8 percent as global private equity firm Warburg Pincus will pick 20 percent equity shares in Bharti Airtel’s DTH arm, while shares of Wipro Ltd rose 0.09 percent at Rs 287.45.
Oil prices surged in early Asian trade on Wednesday as industry data indicated a considerable drawdown in US. Crude stockpiles, while The Indian rupee opened at 64.52 per dollar and was trading at 64, down 0.25% from its Tuesday’s close of 64.41.