Indian market stock benchmark indices were trading higher on Wednesday session, amid a strong rise of Reliance stock by over 7-pc after social media platform Facebook, reportedly bought a 9.9% stake in Reliance Jio for Rs.43,574-cr.
During the mid-morning session at 11.40-am, the Sensex stood with gains of 444-pts at 31080-mark, while the Nifty gained 109 points to float at 9090-level.
Reliance Industries, Zee Entertainment, Asian Paints, M&M and Hero MotoCorp were among major gainers in the Nifty, while ONGC, Vedanta, BPCL, Hindalco and PowerGrid were top losers. Get more information on Best Stock Tips HNI and Best shares to invest seek expert from our website.
Among sectors, majority of Nifty indices were trading positively with major gains in Media, Auto and FMCG, while Metal, PSU banking and Realty slipped.
Meantime, Asian markets mostly were trading with mixed negative trends , following about 3-pc drops in the US markets.