Sensex, Nifty rise on positive Asian signals

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Key benchmarks Sensex and Nifty were trading higher on Wednesday opening, led by positive Asian stocks. The Indian rupee also opened higher at 71.29 against greenback amid fall in crude oil prices.

Crude Oil prices down from 2019 highs today as rising US supply decreased OPEC cuts. US-WTI crude oil futures were at USD55.84 p/b 0.5percent, from their last settlement.

At 90.40 am, The BSE Sensex Index was up 271-pts at 35,623.91 and the NSE Nifty50 jumped 83-pts at 10,687-mark.

All the sectoral constituents are trading in the green buoyed by metal, PSU Bank media, realty, energy, Bank Nifty, financial service, pharma, infra and FMCG.

Indianbulls-HF, Vedanta, Hindalco, Tata Steel, JSW Steel were among major gainers at this time while HCL Technologies, Bajaj Auto, HeroMotoCorp, Bharti Infratel and Mahindra & Mahindra were losers.

Real Estate stocks are to be observed positively as GST Council meeting today may conclude GST on real estate projects.