MARKET HIGHLIGHTS:

• Indian ADRs ended weak on Tuesday.
• In the banking space, ICICI Bank fell 0.678 percent at USD 48.87.
• HDFC Bank shed 0.64 percent at USD 46.65.
• In the IT space, Infosys was down 1.21 percent at USD 60.25.
• Wipro was unchanged at USD 11.97.
• In the other sectors, Tata Motors was down 1.02 percent at USD 43.68.
• Dr Reddy’s Laboratories shed 2.58 percent at USD 50.53.

Market Status:

Indian domestic cyclical stocks gain.IMF increased India's GDP growth estimate for FY15 to 5.6 percent from 5.4 percent, while cutting its global growth forecast.

The revised forecast by IMF gives more confidence about the much talked-about cyclical recovery in the domestic economy-Investors.State Bank of India gains 1.2 percent, Larsen & Toubro rises 1.8 percent.Auto maker Mahindra & Mahindra advances 1 percent.

Equity benchmarks opened marginally lower on Wednesday following weak global cues. The Sensex slipped 13.61 points to 26258.36 and the Nifty fell 4.75 points to 7847.65.

About 437 shares have advanced, 315 shares declined, and 28 shares are unchanged. Shares of Sesa Sterlite, Infosys, Hindalco Industries, Sun Pharma, Gail India, NMDC and Jindal Steel were down 0.8-1.6 percent while NTPC, ONGC, Bharti Airtel, M&M, HUL and Tata Power gained 0.5-1 percent.

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