Indian equity benchmarks are likely to begin Wednesday’s session on a cautious note. GIFT Nifty was trading around 23,400, down about 58 points, while investors were tracking Asian markets, crude oil prices, US Treasury yields and foreign institutional flows. The Nifty 50 had closed at 23,329 on Tuesday, while the Sensex ended at 74,529.08.
Foreign institutional investors sold equities worth Rs.3,809.99 crore on Tuesday, while domestic institutional investors bought shares worth Rs.4,120.07 crore. The rupee, which strengthened to Rs.95.59 against the US dollar, along with movements in global markets, remains an important market cue.
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