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There has been a slight weakness in the early trade on the day of weekly expiry in the Indian markets. The Sensex opened on Thursday with a loss of nearly 100 points, while the Nifty is also seeing a slight decline. It also opened below the level of 16500.
However, after the start of business in the red mark, recovery is also being seen in the market. At 9:41 am, the Sensex is trading at 55390, while the Nifty is recovering at the level of 16525.
Shares of Wipro are seeing a fall of up to two percent on Thursday, while its shares are seeing a jump of up to two percent after the first quarter results of IndusInd Bank. Earlier, there were mixed signals in the global market.
In the US markets, the Dow Jones closed above 50 after trading in a range of 300 points. The Dow Jones showed a recovery of 225 points from the lower levels. On the other hand, the Nasdaq closed up 1.6 percent.
In Wednesday’s trading session, FIIs bought Rs 1781 crore in cash, while DIIs sold Rs 230 crore in cash.
On the other hand, weakness in the Indian rupee continues in Thursday’s trading session as well. Rupee is currently trading at 80.02 level.