The National Stock Exchange (NSE) Nifty index which opened on a positive note on Wednesday expected to open negative today in taking cues from the negative sentiment in the global market. On Wednesday it opened on a positive note at the level of 10,688.70 from its previous closing level of 10,584.75. However, just after the opening, it plunged and closed below 131.70 points at 10,453.05.
During its trading session, the index touched an intraday low of 10,436.45. And an intraday high of 10,710.15. The Nifty started the day with a 100-point rally but wiped out all gains in afternoon trade.
Update: The rupee surrendered all gains and settled 13paise lower at 73.61 against the US dollar on Wednesday amid steady capital outflow and strengthening of the American currency.