Indian stock markets were trading slightly lower on Wednesday. The S&P BSE Sensex dropped 5.5 points, or 0.02 percent at 25955.28. The 30-share index touched a high of 26,130.49 in morning trade. The Nifty50 fell 0.08 percent to 7995.95, after touching a high of 8,055.20 in morning trade.
The Indian rupee declined around 20 paise versus the U.S. dollar on Wednesday.
Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) rose 2.53 percent to close at $42.12 on Tuesday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) gained 0.86 percent to close at $18.80.
US stock markets closed higher overnight, with the Dow Jones Industrial Average gaining 0.35 percent, the S&P500 index rising 0.22 per cent, and the Nasdaq Composite climbing 0.33 percent.
US WTI crude futures on the NYMEX dropped 0.35 percent to trade at $47.86 per barrel.
Top market movers among the BSE index are as follows
- Mystic Electronics Ltd. rose about 880 percent to 136.81 INR.
- TVS Electronics Ltd. rose 20 percent to 108.80 INR.
- Restile Ceramics Ltd. shares gained around 16 percent to 5.25 INR.
- TPL Plastech Ltd. shares surged 13 percent to 406.95 INR.
- Sabrimala Leasing and Holdings Ltd. shares dropped around 20 percent to 14.85 INR.
- Bhilwara Technical Textiles Ltd. fell around 14 percent to 7.20 INR.
- Navigant Corporate Advisors Ltd. slipped 12 percent to 4.93 INR.
- Raunaq EPC International Ltd. shares declined 11 percent to 112.50 INR.
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