Key benchmark indices –Sensex & Nifty– opened higher on Wednesday led upbeat global cues. The Indian rupee opened flat at 68.72, higher just 2ps against the USD amid continued foreign fund inflows & heavy buying in domestic shares.
The Sensex index of the BSE was higher by 160 points at 39,217 levels, and the NSE’s Nifty50 index rose 28 points at 11,740-levels. With positive market breadth, on the NSE with 1,018 shares advanced, 535 shares show declines, and 510 stocks unchanged.
NSE sectorally, only the IT & Media are seen some selling pressure while financial stocks, Realty, Metal and banking sectors are leading in morning session.
Major gainers are IndiabullsHF, Tata Steel, IndusInd Bank and HCL Tech on the other hand, BPCL, IOC Eicher Motors Tech Mahindra and Zee Ent were trading lower on the NSE.
Commodity-Crude Oil: Crude Oil prices rose for 4th consecutive day on Wednesday, with help from OPEC-led supply cuts & US sanctions surpassing an industry report indicating an unforeseen rise in US inventories last week.