INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Benchmark indices took a beating on Wednesday ahead of the kick start of three-day RBI policy review
Investors were worried over a sharp plunge in rupee's value to an all-time low level of 73 against dollar amid a surge in crude oil
The market was also concerned over escalating Italian crisis.
At 9.22 am, the BSE Sensex was trading 146.97 points, or 0.40 per cent, lower
Nifty barometer Nifty50 was testing 10,950 level and was down 53.25 points, or 0.48 per cent.
The index will find support at 10,821, while
the 11,050-level will act as its resistance, IIFL said in a note.
Fear guage India VIX spiked 5 per cent to 17.66
Midcap and smallcap indices performed relatively well and were trading flat.
Shares of Maruti Suzuki fell 2.10 per cent to Rs 7,308.85
It was followed by Asian Paints, Wipro, ICICI Bank, Bharti Airtel and Axis Bank which declined between 1 per cent and 1.6 per cent
YES Bank surged 6.11 per cent to Rs 214.30
Sun Pharma, ONGC and Adani Ports rose up to 1 per cent.
