As expected the National Stock Exchange (NSE) Nifty index opened on a negative note on Oct. 03 at 10,982.70 from its previous closing level of 11,008.30. After the opening, it plunges and trading below 10,950 levels at 10,947.40 (09:20 AM IST).
The top gainers among Nifty50 are Yes Bank, Tech Mahindra, ONGC, Dr. Reddy, and GAIL India however, the top losers are Eicher Motors, Ultratech Cement, Maruti, and Bharti Airtel among others.
Update: The Indian rupee opened at all time low 73.24 per dollar on Wednesday as it crossed 73 for the first time.
And it is expected to remain under pressure following a sharp surge in global crude oil prices.