Indian equity benchmarks traded marginally higher after fluctuating between gains and losses in the opening trade on Wednesday.
The S&P BSE Sensex fell 100.23 points to 38630.59 as of 10:55 a.m. and the NSE Nifty 50 fall 35.05 points to 11520.85.
While in the opening trade Sensex rose 30 points or 0.1 per cent to 38,760 as of 9:20 am and the NSE Nifty traded little changed at 11,573 after it fell as much as 0.34 per cent.
The Indian rupee opened lower against the US dollar. Indian the currency depreciated 0.14 per cent to 68.64 against the dollar.
On Tuesday the benchmark indices changed marginally.
Tuesday’s weak stock change came a day after markets took a heavy beating Monday with the benchmark BSE Sensex crashing 793 points, or two per cent, its biggest single-day loss in 2019 so far.
The loss was speculated as a combination of a referendum to Union Budget proposals, presented last week and US job gains where a large rate the cut was expected from Federal Reserve.