Mumbai: The market has opened flat but the Nifty has managed to hold 8250 mark. The 50-share index is down 3.25 points at 8258.40. The Sensex is up 7.12 points or 0.03% at 27313.95.
About 370 shares have advanced, 141 shares declined, and 31 shares are unchanged. Hero is up 2 percent after its better-than-expected September quarter results. HDFC Bank, Bharti Airtel, Wipro and Hindalco are top gainers. On the losing side are Vedanta, Dr Reddy's LAbs, Tata Motors and Maruti.
Rupee opened marginally lower at 65.09 per dollar against previous close of 65.06. Pramit Brahmbhatt of Veracity said, "We expect the rupee to depreciate today as Asian markets have already opened on a weak note which will force local equities to trade lower. We see the range for the rupee between 64.75-65.40/dollar."
The dollar declined against a basket of currencies to 94.88, down 0.05%.
The euro rose against the dollar on after falling for three straight sessions, bolstered by solid regional economic data and comments from European Central Bank officials suggesting further monetary easing may not be imminent.
Asian stocks are in another mixed trading session early Wednesday, following a lackluster lead from Wall Street. Major US averages slipped overnight, with the Dow Jones Industrial Average snapping a three-day winning streak, amid a decline in healthcare and biotech names. The blue-chip Dow and S&P 500 shed 0.1 percent each, while the Nasdaq Composite closed down 0.5%.
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