Domestic markets in green again; Nifty maintains 8,900-mark

Indian equity markets on Wednesday opened in red with BSE Sensex at 28881.66, down 44.70 points, or 0.15% and NSE-Nifty at 8904.40, down 13.55 points, or 0.1%.

At 0931 hours, the Sensex was at 28,908.45, down 17.91 points, or 0.06%. While Nifty was at 8,910.25, down 7.70 points, or 0.09%.

On 30-share benchmark, among the top gainers were Oil & Natural Gas Corporation (3.28%), Tata Steel (2.10%), GAIL India (1.69%), Bajaj Auto (1.31%) and Hindustan Unilever (1.09%). Among losers were Tata Consultancy Services (-4.99%), Infosys (-2.47%), Wipro (-1.89%), Tata Motors (-0.74%) and NTPC (-0.47%).

The shares of Eros International Media and Jindal Steel will be in focus as the companies will be announcing financial results for the quarter ended on June 30. The shares of Eros were trading at Rs 226.10 per piece, up 1.57%, or Rs 3.50. The shares of Jindal Steel were trading at Rs 87 per piece, up 2.41% or Rs 2.05. 

Indian Rupee opened at 66.47 per dollar, depriciated 11 paise as compared to 66.36 per dollar on previous close.

On global front, Asian shares hovered near one-year peaks as investors awaited Chinese trade data and a policy meeting by the European Central Bank, where it may announce an extension of its asset buying campaign, a Reuters report said.

MSCI`s broadest index of Asia-Pacific shares outside Japan dipped 0.2%, but that followed four days of gains which took it to the highest since late July 2015.

Japan`s Nikkei lost 0.1%, easing away from a three-month top in the face of a strengthening yen, the report added.