As expected the National Stock Exchange (NSE) Nifty index opened on a flat note slightly above its previous closing level of 11,582.35 to the level of 11,598.75. However, after opening, it starts plunging and couldn’t sustain its opening level. It gave up most of its gains in the early morning and trading below the 11,600.
Currently, it is trading around the level of 11,583.30 (09:21 AM IST, 4 Sep).
The top gainers among the Nifty 50 are Dr. Reddy, Wipro, Titan, and Hindustan Petroleum. However, the top losers are ITC, Bharti Airtel, and Tata Steel.
The banks are trading in the red, whereas IT is the big gainer of the day on the back of a weak rupee.
The Rupee has opened the record fresh low of 71.28 per US dollar.