As expected the National Stock Exchange (NSE) benchmark index Nifty opened on a flat note slightly higher than its previous closing level of 11,287.50 to the level of 11,340.10. However, just after opening it starts plunging and trading around the levels of 11,300-310.
Banks are taking a hit this morning, with the Bank Nifty trading lower by one-third of a percent. Pharmaceuticals are trading in the red.
The top gainers among Nifty 50 are PowerGrid, ITC, ONGC, Dr. Reddy, and Hindustan Unilever etc. On the other hand, the top losers are Titan, Tata Motors, Hindustan Petroleum, and Bharat Petroleum.
Update: There is another record low for the rupee as it opened 11 paise lower at 72.80 per dollar on Wednesday versus previous close 72.69.