The BSE benchmark Sensex, which advanced
to 20,552.05 in opening trades, declined to 18,876.44 and is currently down
102.32 points or 0.5% at 19,895.13. The Nifty index of the National Stock Exchange is down 25.25
points or 0.4% at 5888.50, off an early high of 5932.
The partially convertible Indian rupee breached the 63 a dollar mark,
progressed to 62.92 in early trades this morning. The rupee is currently
trading at 63.20 against the greenback.Shares in IDFC Ltd surge as much as 7 percent after the Reserve Bank of India on Wednesday lifted restrictions placed on foreign investors purchasing shares of the company as their shareholding in IDFC fell below the prescribed limit.
The company had reduced the limit that foreign investors can own in the infrastructure lender to 54 percent from 74 percent without giving a reason in August.
Dealers say the FII investment limit was reduced earlier to comply with RBI's bank licence guidelines as the company has applied for a banking licence
The stock was trading up 4.7 percent at 96.60 rupees at 0418 GMT while the broader market was down 0.50 percent.
Today whole indian stock and commodity market trading in single color(red), Forex Rupee down again all currencies USD, GBP, JPY and EUR gain by 34,56,63 and 46 paisa respectively while MCX bullion metal gold down 1.50 per cent and silver down 2 per cent. All market news and updates also get trading idea STOCK TIPS INDIA and TOMORROW STOCK TIPS
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