GLOBAL MARKETS ROUNDUP
The S&P BSE Sensex slipped over 100 points on opening before paring most losses to trade rangebound in trade on Wednesday led by losses in ICICI Bank, HDFC, SBI and Lupin.The 50-share NSE Nifty50 traded around its crucial psychological level of 7,950 dragged by banking, pharma, IT and financial services stocks.

The broader market outperformed the benchmark indexes with the BSE midcap and smallcap indexes gaining 0.30 and 0.26 per cent, respectively.The rupee depreciated 3 paise to 66.55 against the US dollar in early trade on Wednesday ahead of the outcome of two-day Fed policy meet later in the day. The domestic currency had snapped a three-day losing on Monday by closing 10 paise higher at 66.52 on the back of fag-end dollar selling by banks and exporters.

Indian ADRs News
• Indian ADRs ended higher on Tuesday.
• In the IT space, Infosys was up by 0.15 percent at USD 19.23.
• Wipro was up by 0.04 percent at USD 12.33.
• In the banking space, ICICI Bank remained unchanged at USD 7.59.
• HDFC Bank went up by 0.44 percent at USD 63.11.
• In the other sectors, Tata Motors was up by 0.99 percent at USD 31.55.
• Dr Reddy’s Laboratories was down 0.32 percent at USD 46.45.

The market has opened lower as the Sensex is down 86.39 points or 0.3 percent at 25920.91. The Nifty is down 20.95 points or 0.3 percent at 7941.70. About 279 shares have advanced, 121 shares declined, and 31 shares are unchanged. Bharti Airtel, ONGC, Adani Ports, Coal India and BHEL are top gainers while Axis Bank, ICICI Bank, M&M, Maruti and Dr Reddy's Labs are losers in the Sensex.


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