Market Live: Sensex opens at fresh record high, Nifty above 11,100;
Asian Paints down 2%
It’s a subdued start to the market on this Wednesday morning, a
deviation from the pre-opening rate trends where the larger index hit a fresh
record high. Meanwhile, the Sensex has hit a fresh record high as well. The
Nifty is well above 11,100, but is a good thirty points away from its record
high.
Metals have extended their rally from the previous sessions and a strong
trade in the midcaps space is also aiding the market.
The Sensex is up 62.41 points or 0.17% at 36887.51, while the Nifty is
up 7.20 points or 0.06% at 11141.50. The market breadth is positive as 389
shares advanced, against a decline of 106 shares, while 60 shares were
unchanged.
Shares of Asian Paints are trading over 2.5 percent lower after its June
quarter results. Oil marketing companies are taking a hit on the back of rising
crude oil price.
The
Indian rupee opened flat at 68.96 per dollar on Wednesday versus previous close
68.94.
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