Stock Market LIVE: Sensex, Nifty open flat, pharma, IT stocks rise

Indian shares are likely to trade cautious following weakness in global markets over trade concerns. Most Asian stocks declined as concerns lingered over the impact of potential global trade restrictions, while oil prices rose as US pressured allies to stop buying Iranian crude. SGX Nifty Futures traded marginally lower, indicating a cautious start for BSE Sensex and NSE’s Nifty 50. The Indian Rupee weakened to a 19-month low against the US dollar as traders were worried that rising crude oil prices may accelerate fiscal deficit and inflation. The rupee opened at 68.42 a dollar and touched a low of 68.50—a level last seen on 1 December 2016. At 9.15am, the rupee was trading at 68.49 against US dollar, down 0.30% from its previous close of 67.99. Year to date, the rupee has weakened nearly 7%.Don't hesitated, Get 2 Days Free Trial click here
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Sensex rises 120 points, Nifty at 10750, pharma, auto stocks lead

Benchmark indices BSE Sensex and NSE’s Nifty 50 gained on Wednesday, snapping a two-day losing streak led by gains in pharma and auto stocks. Asian stocks rebounded from recent losses as investors sought bargains, a day after the spectre of a US-China trade war rattled global markets, but significant uncertainty around the trade outlook is capping gains, reported Reuters. Oil prices stayed on their downward slope ahead of a key Opec meeting. Bond yields fell after RBI announced an open market purchase of bonds, while the rupee strengthened against the US dollar. 
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