The breadth of the market favoured declines, with 551 stocks advancing, 997 declining and 500 remaining unchanged. On BSE, 682 stocks advanced, 1010 declined and 76 remained unchanged.
The Indian benchmark indices are trading on a flat to positive note this Wednesday morning with the Nifty50 up 8 points and is trading at 11,296 while the Sensex is trading higher by 50 points at 37,463.
With rupee hitting fresh record low of 72.85 per dollar in the early trade, IT stocks are trading in the green with gains from HCL Tech, Infosys, Oracle Financial Services and Tata Consultancy Services.
From the BSE smallcap space, RattanIndia Power is up 9 percent followed by Rajapalayam Mills, DCM Shriram Industries and Bombay Rayon Fashions. On the other hand, Astec Lifesciences is the top smallcap loser, down over 11 percent.
The top BSE gainers include Texmaco Rail, Power Grid, Godrej Consumer, Bajaj Corp and Nestle India among others.
The top losers include names like Tata Steel, Granules India, Vardhman Textiles, VIP Industries and Gujarat Gas among others.
Albert David and Gangotri Textiles are few stocks which hit new 52-week high this Wednesday morning.
On the other hand, 79 stocks have hit new 52-week low including names like 3i Infotech Limited, Apollo Tyres, Bharat Electronics, BEML, Can Fin Homes, HPCL, Indiabulls Real Estate, JP Associates, Shipping Corporation Of India, Unitech and Videocon Industries among others..
The breadth of the market favoured declines, with 551 stocks advancing, 997 declining and 500 remaining unchanged. On BSE, 682 stocks advanced, 1010 declined and 76 remained unchanged.Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.