As rupee breached 72 a dollar, the Nifty wiped out all gains of yesterday morning in the afternoon. Although the index managed to rebound in the last couple of hours of trade and closed higher after three-day consecutive fall.
Yesterday, it opened at the level of 11,514.15 from its previous closing level of 11,476.95 and closed slightly higher at 11,536.90. In fact, its touched the intraday low of 11,436.05.
Update: Oil Prices climb as US Crude inventories drop.
Taking cues from the previous trading session and global sentiment, it is expected to see a flat opening in today’s session.