Equity benchmark indices extended their rally for the fourth consecutive session in Wednesday’s trade. Today’s rally was led by Infosys, Reliance Industries
twins, Axis Bank, and TCS.
was up 208 points at 36,189, while the Nifty
rose 58 points at 10,859. The market breadth was positive with 993 shares advancing, 501 shares declining, and 552 remaining unchanged.
The Indian rupee
opened higher 15 paise to 70.05 against the greenback.
All sectoral indices were trading higher on the NSE. Media, metal, IT, and auto were up ~1% each.
stock slipped in morning trade ahead of Q3 results
. The bank may post a decline in profits on yoy basis due to provisions for the IL&FS exposure.
Shares of Tata Motors
rose 1% on the back of strong JLR sales for the month of December.
, Axis Bank, Tata Motors
, UPL, and Sun Pharma
were the top gainers on the Nifty50, while Infratel, Tata Steel, Yes Bank
, IndusInd Bank, and SBI
were trading in the red.
Volatility index India VIX is down 2.34 % to 15.33.
The most active stocks were Infosys, Axis Bank, Yes Bank, Grasim, SBI, and RCom.
Elsewhere, Asian stocks rallied following gains in the US amid optimism on the potential for progress in trade talks between Washington and Beijing.
The S&P 500 jumped to a three-week high on Tuesday, led by Apple, Amazon, Facebook and industrial shares on bets that the United States and China would strike a deal to end their trade war.