Equity benchmark indices opened lower on Wednesday tracking losses in Asian peers as oil prices surged after Iran fired missiles at American forces based in Iraq.
The Sensex is down 237 points or 0.58% at 40,632, and the Nifty is down 63 points or 0.53% at 11,989. About 370 shares have advanced, 1,181 shares declined, and 550 shares are unchanged.
All the sectoral indices are trading in the red except IT index, which is marginally up.
Yes Bank soared 4% on the NSE after media reports said that the board would meet on January 10, to consider fundraising. The stock is among top gainers on the Nifty50, followed by IndusInd Bank, TCS and UltraTech. Losses are seen in SBI, BPCL, L&T and Axis Bank.
India VIX is up 7.97% at 15.77.
The Indian rupee opened lower by 19 paise at 72.02 per dollar vs. previous close 71.83/$.
On the economy front, the government on Tuesday has estimated India's GDP growth during fiscal 2019-20 at 5% as compared to 6.8% in the year-ago period, according to the first advance estimates released by the Central Statistics Ministry.
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