India Markets Wednesday Wrap-Up: Volatility Plagues the Indices

Equitymaster submits:

Indian stockmarkets had a rather volatile trading session today. After opening in the green, markets oscillated to either side of yesterday’s close for the larger part of the day. However, renewed buying activity in the afternoon session ensured that the indices closed above the dotted line. While the BSE Sensex closed higher by around 39 points (up 0.2%), the NSE Nifty gained around 21 points (up 0.4%). While the BSE Midcap barely managed to keep its head above water, the BSE Smallcap closed in the red. Gains were largely seen in FMCG and healthcare stocks.

As regards global markets, Asian indices closed mixed today while most European indices have opened in the green. The rupee was trading at Rs 45.14 to the dollar at the time of writing.

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