The Indian stock indices were fairly stable on Wednesday morning and maintained their record highs for a third day in a row.
In the opening session the Nifty was trading at 18,629.95 points, up barely 11.90 points or 0.064 per cent, while the Sensex was trading at 62,678.90 points, down 2.94 points or 0.0047 per cent.
The Indian stock markets have been euphoric due to the significant inflows of foreign capital, relative strength of the Rupee, and the US Federal Reserve’s indication that policy rates may be about to decline.
According to data from the National Stock Exchange, the top gainers among the Nifty 50 businesses are Hindalco, JSW Steel, Tata Steel, Dr. Reddy’s, and Bajaj Auto, while the top losers are HCL Tech, Infosys, Tech Mahindra, BPCL, and Apollo Hospitals.
Additionally, the rupee opened at 81.64 as opposed to 81.72 at session’s close. For the record, the rupee crossed the 83 threshold for the first time in its history in October.