The S&P BSE Sensex is trading at 28,472 up 138 points, while NSE Nifty is trading at 8,806 up 37 points.
The rupee opened lower 16 paise at 66.62/$ against US Dollar Wednesday as against the previous close of 66.46/$.
Asian indices resumed trading in the red with the exception of the Japanese 'Nikkei" index which rallied as the yen weakened against the US$.
The latest round of pessimism now emanates from 65% probability of a US rate hike in December & unwinding of stimulus by the ECB. With the 'elexir' of cheap money seeming to be withdrawn caution seems the buzzword in most global equity markets. Weaker than expected macro numbers from Brazil & lowering of global growth targets by the IMF will be the other points of concern.
Wall Street closed lower on Tuesday. The Dow Jones Industrial Average fell 85.40 points, or 0.5%, to close at 18,168.45.The S&P 500 Index declined 10.71 points, or 0.5% to 2,150.49, and the Nasdaq Composite index slipped 11.22 points, or 0.2% to 5,289.66.
Crude oil was unable to fight back above $50 on Tuesday amid signs of increased production from Iran and Libya.
On data front, Nikkei India Service PMI data is scheduled today.
On the economy front, RBI Governor in his debut policy cut rates to get the 'repo' @ 6.25% which is the lowest in the last 7 years. The RBI Governor, Urjit R. Patel said in the policy review that global growth has been slowing more than anticipated through 2016 so far, with weak investment and trade damping aggregate demand.
The rupee opened lower 16 paise at 66.62/$ against US Dollar Wednesday as against the previous close of 66.46/$.
Asian indices resumed trading in the red with the exception of the Japanese 'Nikkei" index which rallied as the yen weakened against the US$.
The latest round of pessimism now emanates from 65% probability of a US rate hike in December & unwinding of stimulus by the ECB. With the 'elexir' of cheap money seeming to be withdrawn caution seems the buzzword in most global equity markets. Weaker than expected macro numbers from Brazil & lowering of global growth targets by the IMF will be the other points of concern.
Wall Street closed lower on Tuesday. The Dow Jones Industrial Average fell 85.40 points, or 0.5%, to close at 18,168.45.The S&P 500 Index declined 10.71 points, or 0.5% to 2,150.49, and the Nasdaq Composite index slipped 11.22 points, or 0.2% to 5,289.66.
Crude oil was unable to fight back above $50 on Tuesday amid signs of increased production from Iran and Libya.
On data front, Nikkei India Service PMI data is scheduled today.
On the economy front, RBI Governor in his debut policy cut rates to get the 'repo' @ 6.25% which is the lowest in the last 7 years. The RBI Governor, Urjit R. Patel said in the policy review that global growth has been slowing more than anticipated through 2016 so far, with weak investment and trade damping aggregate demand.
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