Chennai, India (BBN) – The Indian sensex and Nifty were trading marginally higher on institutional buying, strengthening of rupee and positive global cues.
At 11.30 a.m., the 30-share BSE index Sensex was up 55.48 points or 0.17 per cent at 33,533.83 and the 50-share NSE index Nifty was up 1.2 points or 0.01 per cent at 10,328.10, reports The Hindu Business Line.
Among BSE sectoral indices, realty index gained the most by 1.14 per cent, infrastructure 0.56 per cent, auto 0.45 per cent and consumer durables 0.02 per cent. On the other hand, metal index fell 0.59 per cent, healthcare 0.37 per cent, banking 0.24 per cent and oil & gas 0.12 per cent.
Top five Sensex gainers were Adani Ports (+2.26%), Bajaj Auto (+1.56%), HDFC (+1.45%), M&M (+1.34%) and Tata Motors (+1.24%), while the major losers were Dr Reddy’s (-1.09%), Axis Bank (-0.87%), Sun Pharma (-0.75%), Bharti Airtel (-0.71%) and Coal India (-0.6%).
Asian shares scaled a fresh decade peak on Wednesday thanks to surging markets in Europe and America, as strong global growth and rising corporate profits lured hordes of investors into equities.
MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3 per cent to Wednesday’s 1.3 per cent rise – the biggest gain in eight months.
US stocks jumped on Tuesday, pushing all three major indexes to record closing highs, led by gains in this year’s top-performing technology sector.
The Dow Jones Industrial Average rose 160.5 points or 0.69 per cent to 23,590.83, the S&P 500 gained 16.89 points or 0.65 per cent to 2,599.03 and the Nasdaq Composite added 71.76 points or 1.06 per cent to 6,862.48.
Oil prices climbed on Wednesday after a reported fall in US crude inventories and on expectations that an OPEC-led production cut aimed at tightening the market will be extended beyond next March.
Brent crude futures were at $63.07 per barrel at 0257 GMT, up 50 cents, or 0.8 percent, from their last close. WTI crude futures were at $57.74 a barrel, up 92 cents, or 1.6 per cent.
Spot gold was up 0.1 per cent at $1,281.40 per ounce. US gold futures for December delivery were steady at $1,281.30.
The dollar treaded water against its peers on Wednesday, capped as US Treasury yields failed to rise despite increasing investor risk appetite in broader financial markets.
The dollar index against a basket of six major currencies was little changed at 93.941.