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.
sectorally, only the IT & Media are seen some selling pressure while financial
stocks, Realty, Metal and banking sectors are leading in morning session.
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.
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.