Equity benchmark indices opened flat amidst steady Asian stock markets, and ahead of RBI Monetary Policy meeting tomorrow. Britannia, IOC, Tata Motors and Zee among top gainers, while Infosys, Bajaj Finance and HDFC were among top losers on the Nifty50.
India VIX trades at 14.28, down 0.67%.
All the sectoral indices were trading in the positive zone, except IT stocks. Nifty, auto, realty and metal and Pharma indices were up.
Shares of Bharti Airtel are trading marginally flat. The company posted a loss of Rs1,035cr in the quarter ended December, its third quarterly loss in 14 years, as it set aside funds to pay dues to the government and comply with a Supreme Court verdict.
Shares of JSW Energy zoomed 2% after its consolidated net profit for the third quarter jumped more than two-fold as total expenses dropped during the quarter.
Asian markets held steady this morning while oil rose to reverse a 1% slump in the previous session.
The Indian rupee opened mildly higher at 71.21 per dollar against Tuesday's close of 71.27/$.
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