Buoyed by firm global trends, Indian equities opened on a positive note on Wednesday. The upbeat start was supported by gains across most sectors, with investors drawing confidence from easing domestic inflation and optimistic cues from global markets. Early trade action saw buying interest in banking, IT, and auto stocks, while broader markets also mirrored the positive sentiment.
At 9:45 hours, the 30-share benchmark index was trading at 80500.12 up by 264.53 points or by 0.33 % and then NSE Nifty was at 24555 up by 67.6 points or by 0.28 %.
Sensex touched intraday high of 80563.38 and intraday low of 80330.33 The NSE Nifty touched intraday high of 24599.55 and intraday low of 24535.25
The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 663.90,+1.53%), Tata Steel Ltd. (Rs. 162.10,+1.19%), Eternal Ltd. (Rs. 308.50,+0.83%), Mahindra & Mahindra Ltd. (Rs. 3262.95,+0.82%), Power Grid Corporation of India Ltd. (Rs. 286.90,+0.79%), among others.
The top losers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 775.20,-0.94%), Mahindra & Mahindra Ltd. (Rs. 1506.40,-0.20%), ICICI Bank Ltd. (Rs. 1419.50,-0.18%), Maruti Suzuki India Ltd. (Rs. 12820.00,-0.14%), Nestle India Ltd. (Rs. 1090.50,-0.07%), among others.
Metal index was at 31352.62 up by 607.91 points or by 1.98%. Hindalco Industries Ltd. (Rs. 696.50,+4.43%), Vedanta Ltd. (Rs. 444.50,+2.63%), Jindal Stainless Ltd. (Rs. 730.85,+2.45%), Hindustan Zinc Ltd. (Rs. 433.50,+2.37%), National Aluminium Company Ltd. (Rs. 190.70,+2.14%),.
FMCG index was at 20265.21 down by 1.69 points or by 0.01%. HMA Agro Industries Ltd. (Rs. 30.61,-4.25%), Balrampur Chini Mills Ltd. (Rs. 544.85,-2.77%), DCM Shriram Industries Ltd. (Rs. 164.50,-2.55%), CCL Products India Ltd. (Rs. 848.90,-1.87%), Triveni Engineering & Industries Ltd. (Rs. 334.70,-1.54%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3389 , shares advanced were 2035 while 1217 shares declined and 137 were unchanged.