Highlights
Benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open higher on Thursday. Photo: Mint
- Mumbai: The BSE Sensex and NSE’s Nifty 50 erased early gains and turned negative dragged mainly by IT and FMCG stocks, offsetting gains in banking and auto stocks. Post September-quarter earnings, shares of Tata Motors and L&T advanced, whereas Lupin declined. Shares of auto companies in focus as they release October vehicle sales data. The rupee strengthened marginally against the dollar as Asian currencies gained after crude oil prices eased. Moreover, domestic investors purchased equities to the tune of Rs 1,142.92 crore on net basis on Wednesday. Most stocks in Asia advanced, building on a rally in global equities in the final two days of what was still their worst month in more than six years. Oil prices fell amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown. Here are the latest updates from the markets: