Indian stock market started October month on a flat note with the Sensex falling 6.97 points to 26623.54 and the Nifty declining 15.95 points to 7949.85 while the broader markets saw marginal gains.
The BSE Midcap and Smallcap indices gained 0.3% each. Auto sector will remain in focus today as all auto companies are going to announce their September auto sales data. Strong volume growth is expected across all segments on the back of improvement in the demand scenario in the past 2-3 months.
Wipro extended gains, up nearly 2% . TCS, Sesa Strelite and Dr Reddy’s Labs are top gainers in the Sensex.
Among the losers are GAIL, ITC, Tata Steel, Tata Power and HDFC. The Indian rupee declined in the early trade. It has opened lower by 18 paise at 61.93 per dollar against 61.75 Tuesday.
Shares of two-wheeler major Hero MotoCorp 1.44 % gained nearly 3% in September on the back of strong sales in festival season.