The gains were supported firm trading in other Asian markets. Following the much-awaited Trump speech earlier in the day, reports emerged that Senior US and Chinese officials are poised to start another round of trade talk in Beijing next week, assuaging investors of a possibility of a US-China trade truce.
At 9.30 am, Sensex was trading 258 points higher at 36,875 while NSE Nifty was up 74 points at 11,009.
In the 30-share pack, only four stocks traded lower while 26 where in the green. RIL, Infosys, ICICI Bank and HDFC were among major contributors behind Sensex's rise.
NTPC was leading the gainer pack, rising 1.55 per cent followed by HCL Tech (up 1.47 per cent), ONGC (up 1.37 per cent), ICICI Bank (up 1.26 per cent) and Infosys (1.16 per cent).
Meanwhile, Bharti Airtel and IndusInd Bank were among the top losers, shedding nearly a per cent each.
Shares of Suzlon Energy jumped nearly 6 per cent on Wednesday morning after the firm yesterday clarified that it was regular in servicing its debt obligations including servicing obligations towards banks and others for the month of January 2019. The scrip hovered at Rs 3.84 up 5.79 per cent at around 09:32 am while the benchmark BSE Sensex was up 0.71 per cent at 36,875.95.
Midcap and smallcap indices, however, were trading with losses. BSE Midcap index was trading 0.37 per cent lower while BSE Smallcap 0.12 per cent.
IT was leading the sectoral pack on BSE.
Cipla, Lupin, JSW Steel, Graphite India, Allahabad Bank, IGL, Siemens, PTC India, Venkys, Zydus Wellness, Jindal Stainless, Balkrishna Industries CG Power, Future Consumer and Punj Lloyd are among companies set to announce their December quarter results on Wednesday.
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2 Comments on this Story
Niveza Equity Research711 days ago
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Krishan Kumar Totlani712 days ago
Benchmark indices opened higher to day taking cues from their Asian peers as Nifty reclaims 11000 mark. Short while ago the sensex was up 242 points & nifty was up 70 points.