The barometer 30-scrip Sensitive Index (Sensex) closed at 33,848.03 points - down 63.78 points or 0.19 per cent - from its previous session's close. On the NSE, the 50-share Nifty fell below the key 10,500 level, at 10,492.70, barely unchanged. On Tuesday, The Bombay Stock Exchange (BSE) CEO Ashish Chauhan remarked the historic high of the Sensex as a progressive day, which will be going forward, enable the markets to touch new heights.
Indian markets remained cautious ahead of futures and options (F&O) expiry for December due today.
On Wednesday, the benchmark indices slipped into the negative territory during the last hour of trade as a depreciating rupee and rising crude oil prices subdued sentiments. "Metal and mining stocks rose as copper prices rose in global markets", he added.
On the currency front, the Indian rupee strengthened by seven paise to close at 64.08 against the U.S. dollar from its previous close at 64.15.
Utica Rome Unemployment Rate Up In November
The unemployment rate in Chambers County rose from 3.4% in October to an estimated 3.5% in the month of November. Scott County's unemployment rate dipped to 3.2 percent in November, according to Iowa Workforce Development.
The gains tracked Asian shares, which edged higher as a rally in commodities to multi-year peaks pushed resources-linked stocks up. Foreign portfolio investors (FPIs) bought shares worth a net Rs 107.87 crore while the buying tally for domestic institutional investors (DIIs) was Rs 371.53 crore on Friday, provisional data showed.
On the other hand, the S&P BSE metal index surged by 300.27 points, realty index by 74.90 points and basic materials index by 35.53 points. Blue chips such as Bharti Airtel, Sun Pharma and Yes Bank, climbed up to 2.59 per cent.
NTPC lost big time, down 1.03 per cent, followed by M&M and Coal India.