Key benchmark indices trading lower with negative bias in early morning trade. The BSE Sensex trading at 29675.40 down 112.95 points (-0.38%) and NSE Nifty at 9201 down 36 points(-0.39%).
Wipro declined 0.46% in today’s trade it has completed the acquisition of Brazilian IT service provider InfoSERVER. The impact of the buyout will reflect in the financials of the company from the Q1 June 2017.
Axis Bank, ONGC, ICICI Bank, Sun Pharma, Eicher Motors, IOC, Ambuja Cements and Yes Bank were other early gainers while Wipro, Bharti Airtel, Tata Motors, Cipla, M&M, HDFC and Tata Motors were losers.
The USDINR open slightly lower by 13 paise 64.62 on Wednesday against 64.49 on Tuesday.