After yesterday's rally, Indian Stock Market opened with heavy gains but however indices erased some early gains and moved down. Sensex is live at 29669 with 83 points gain while Nifty is just 3 points up at 9155. Except FMCG sector all the sectors are trading in the negative zone. BSE Small Cap is 14 points down at 13991, BSE MidCap ha lost 64 points at 13847 and Nifty MidCap is 68 points down at 16824. Reversing its 4-day climb, the rupee fell 24 paise to 65.65 against the dollar as the American currency got some of its lure back among banks and importers. The Indian Rupee had gained 28 paise to close at a fresh 16-month high of 65.41 on Thursday after the US Fed stuck to its stance of a gradual approach on future rate hikes.
Asian Market Updates: Japan's Nikkei slipped 63 points at 19562 while Hang Seng is 79 points up at 24367. China's Shanghai Composite is 8 points down at 3260.
Top Gainers: ITC, Lupin, HCL Tech, Maruti Suzuki, Axis Bank
Top Losers: Idea Cellular, Bharti Airtel, Hindalco, Zee Entertain, Bank of Baroda