Indian stock markets started in a positive zone on Wednesday after two days of consecutive sell-off. Falling crude-oil-prices also supported market trends.
At around 9.55-hrs, the BSE benchmark Sensex was trading with a gain of 90-points, while the NSE’s Nifty-fifty traded at 12192, up by 22 points.
Vedanta, Infosys, HCL Technologies, TCS and Dr.Reddys were among a major sets of gainers in the Nifty, whereas ONGC, Coal India, PowerGrid, Zee Entertainment, and NTPC were early losers.
Sectoral indices on the Nifty were mixed, vt moving between gains and losses, with a major rise in the Nifty IT and Pharma which rose up to 1.25 percent. To latest Stock Tips and free trading tips visit our website.
On the downside, the Nifty media index slipped sharply by Zee Entertainment which fell more than 1 percent, after the company reported a 37.9 percent fall in net profits.
Among stocks, Oil & Natural Gas Corp (ONGC) was falling sharply, following declines in crude prices. The share price dropped over 3 percent to Rs.119.00
Shares in HDFC Asset Management Company rose 1.28 percent in share price to Rs3,220 after the company on Tuesday reported a sharp rise in Q3FY20 net profits.