US
markets closed in the red and the Asian markets too are trading lower
The Indian equity
market is expected to open on a negative note today with the SGX Nifty trading
at 8439.50, down 48 points. US markets closed in the red and the Asian markets
too are trading lower as the impact from China's surprise yuan devaluation
lingered. European equities too tumbled to close sharply lower.
Tata Motors, SBI, ICICI
Bank, NMDC (post weak earnings) and HDFC lost 1-3 percent.
Tata Steel rallied 2.63 percent and Sun Pharma gained 2.43 percent after Q1 earnings. Infosys, TCS, Wipro and Tech Mahindra rallied on sharp fall in rupee.
The Indian rupee dropped sharply on Wednesday to touch its weakest level against the dollar. The rupee was trading at 64.65/66 per dollar by 0337 GMT, weaker than its 64.19/20 close on Tuesday.
Tata Steel rallied 2.63 percent and Sun Pharma gained 2.43 percent after Q1 earnings. Infosys, TCS, Wipro and Tech Mahindra rallied on sharp fall in rupee.
The Indian rupee dropped sharply on Wednesday to touch its weakest level against the dollar. The rupee was trading at 64.65/66 per dollar by 0337 GMT, weaker than its 64.19/20 close on Tuesday.
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