Nifty likely to open in red after scaling 6,800
The foreign institutional investors bought shares worth Rs 1043.86 crore while domestic institutional investors were net sellers worth Rs 463.78 crore on Wednesday as per the provisional data from the National Stock Exchange.
Indian rupee ends on a weaker note; FOMC minutes in focus
MUMBAI: The Indian rupee ended a touch weaker on Wednesday despite domestic shares hitting record highs as caution prevailed ahead of the release of minutes from the US Federal Reserve's March meeting.
Foreign investors have been active buyers of debt and equities since March, and net purchases in April alone have already totalled $933.67 million, according to the market regulator's data. The rupee had touched an eight-month high of 59.5950 on April 2, before giving up some gains, with the Reserve Bank of India also suspected of having bought dollars to replenish its foreign exchange reserves.
US stock market may have stumbled, but signals still say 'go'
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