The markets are off highs and have erased their gains with the Sensex trading at 34,303 points and the NSE Nifty trading at 10,523 points.
NSE
Though the trading levels of the indices are the same since the opening, the markets are relatively off the highs which it had gained.
Despite the rupee hitting a seven-month low, Wipro is among the top index losers. The stock has lost more than 1.5% in both the indices. Infosys, the other top IT stock loser, continues to lose after it posted a conservative guidance for the next financial year.
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Sun Pharma is among the top pharma stock losers of the hour.
TCS, IndusInd Bank, HDFC Life, ACC and HDFC Bank will announce their March quarter earnings later in the week while Muthoot Finance, 5Paise Capital, International Travel House, CRISIL, Orchid Pharma, among others will declare theirQ4 results today.
The markets opened with a positive trend after China declared its Q1 GDP numbers, at 6.3%. The BSE Sensex opened at 34,342 points, while the NSE Nifty was at 10,540.