The BSE Sensex is down 0.04 percent, while the Nifty is
lower 0.06 percent as caution ahead of the expiry of June derivatives on
Thursday and concerns around Iraq cancel out the impact of buying by foreign
investors.
Asian shares were on the back foot early on Wednesday,
taking their cue from Wall Street as the deepening crisis in Iraq and a report
that the United States could be easing restrictions on crude exports triggered
a rally in oil prices.
Shares of Infosys Ltd rise 0.6 percent, while Reliance
Industries Ltd (RELI.NS) is down 0.5 percent.
Reliance Communications Ltd falls 2 percent after raising 48
billion rupees ($804 million) in its share sale that was announced on Tuesday,
as the telecommunications company looks to cut debt.
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