Sensex Today | Stock Market Live Updates: Indian shares opened little changed on Wednesday, with the benchmarks witnessing profit-taking at near record high levels after positive macroeconomic data.
The Nifty 50 index was down 0.02% at 19,989.50 by 9:15 a.m. IST, while the S&P BSE Sensex fell 0.05% to 67,188.64.
Sensex Today | Stock Market Live Updates: Mid & small cap indices trade under pressure
Commodities Watch | Oil near 10-month peak on supply tightness, US inflation data awaits
Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with global macroeconomic headwinds.
Read More:- Tata Consumer shares rise 4% as the company explains the rumors around the
The international benchmark Brent futures rose 17 cents, or 0.2%, to $92.23 a barrel by 0441 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 21 cents, also 0.2%, to $89.05 a barrel.
IPO News: Subscriptions for the RR Kabel IPO have begun. Do you want to bid?
The initial public offer (IPO) of wires and cable maker RR Kabel, which opened for subscription on Wednesday and closes on Friday, looks to raise Rs 1,964 crore via the initial stake sale.
Analysts advised investors to subscribe to the issue as the company is well placed within the industry and has the scope to improve margins and healthy cash flow growth going ahead.