Indices Recover Slightly After Losses Today

Indian stock markets opened in the red on Wednesday, continuing the trend seen over the past few sessions. However, the indices recovered slightly as the session progressed. Positive global cues and investor interest in buying at lower levels helped the markets claw back from significant losses. Other Asian markets also remained in the green.

Compared to the previous session’s close of 83,627 points, the Sensex opened with a loss of around 300 points on Wednesday morning. It dipped another 100 points but later recovered slightly, trading at 83,471 points with a loss of 190 points at 10:10 AM. Nifty also followed the Sensex trend, trading at 25,660 with a loss of 60 points.

Among Sensex stocks, Hindustan Zinc, Vedanta, Oil India, Lars Labs and NALCO were in gains, while Kotak Mahindra, Kalyan Jewellers, Tata Elxsi, Prestige Estate and Polycab were trading in losses. The Nifty Midcap Index was down by 164 points and Bank Nifty also fell by 164 points. The rupee was trading at 90.14 against the US dollar.