Markets open in green over positive Asian cues, Airtel falls 4%

Key indices on Wednesday opened in green. The benchmark BSE Sensex recovered by almost 53 points in early trade today on buying in pharma, IT, consumer durables and FMCG stocks after recent losses.

The 30-share index rebounded by 52.74 points, or 0.15 per cent, to 33,423.50.

Sectoral indices led by healthare, IT, consumer durables,teck and auto were leading the recovery, adding up to 1.09 per cent.

The NSE Nifty also moved up by 22.55 points, or 0.21 per cent, to trade at 10,372.70.

Traders said foreign fund inflows and small gains at most of other Asian markets influenced trading sentiments here.

Foreign institutional investors bought equities worth Rs 461.47 crore yesterday, as per the provisional data.

Bharti Airtel fell 4 per cent as CNBC-TV18 reported that three investors might sell stake in company today.

Meanehile, the rupee weakened by another 13 paise to 65.16 against the dollar in early trade at the interbank foreign exchange market on increased demand for the US currency from importers.

Yesterday, the rupee had plunged by 35 paise to end at a fresh one-week low of 65.03 a dollar owing to high demand for the American currency from importers amid spike in crude oil prices after political upheaval in Saudi Arabia.

The dollar was trading weak against world currencies, including euro and yen, in global markets which capped the rupee losses, dealers said.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)