Sensex opens 150 points higher ahead of US Fed meet outcome; TCS, Infosys top gainers

Indian stock markets opened higher on Wednesday, with the BSE Sensex rising over 150 points and the Nifty50 of the National Stock Exchange edging up over 0.30 per cent ahead of US Federal Reserve’s policy meet outcome. According to market experts, continued buying by domestic institutional investors supported the upward trajectory of the benchmark indices. Among the sectoral indices, IT, consumer durables and healthcare stocks led the rally. Out of 1,231 trading companies, 827 were in advances and 352 were in declining trend indicating a bullish sentiment in the market. Both the indices had closed at four-month highs on Tuesday amid positive global cues.

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Nifty above 10,600 mark ahead of RBI policy

Equity benchmark indices opened higher led by Infosys, L&T, ITC, Bharti Airtel and Reliance Industries and ahead of RBI Monetary Policy review that begins today.


the BSE Sensex was up 60 points at 34,963, and the Nifty was up by 15 points at 10,608.

The Reserve Bank of India has issued a no objection certificate to the deal of merger between IDFC Bank and Capital First. Stocks gained 3% respectively.

Shares of CG Power and Industrial Solutions rose 3% after the company bagged an order from the Indian Railways worth at Rs319cr to supply Under Slung Electrics for Diesel Electric Tower Car (DETC).

On the sectoral front, metal, auto, realty, FMCG, pharma and IT were trading in the positive zone, while media, bank and financial stocks in the red.

In the broader market, the BSE Midcap was marginally higher by 0.07%, while the BSE Smallcap was marginally down by 0.41%.

Out of 2,017 stocks traded on the NSE, 514 advanced, 1,023 declined and 480 remained unchanged today.

Power Grid (+1.6%), Coal India (+1.6%), Indiabulls HF (+1.5%), Bharti Airtel (+1.3%) and HCL Tech (+0.99%) were the top gainers on the NSE.

Tech Mahindra (-1.7%), Asian Paints (-1.5%), Zee (-1.2%), HPCL (-0.98%) and Cipla (-0.86%) were the top losers on the NSE.

The Indian rupee opened higher by 7 paise at 67.08 per dollar on Wednesday versus 67.15 yesterday.

Reference By- https://www.indiainfoline.com/article/news-top-story/nifty-above-10-600-mark-ahead-of-rbi-policy-118060600009_1.html

Sensex dips 150 pts amid political turmoil in Italy; M&M, Coal India rally

The market extended previous day's losses with the Sensex falling more than 150 points following correction in global peers on political turmoil in Italy.

The Nifty50 has broken 10,600 levels while all sectoral indices are in the red barring IT.

Banking & financials pulled the market lower as Nifty Bank and Financial Services indices lost nearly a percent.

Oil retailers IOC, HPCL and BPCL fell up to 3 percent after cut in fuel prices.

M&M, Coal India and Power Grid gained 2 percent each following March quarter earnings.

The 30-share BSE Sensex declined 171.66 points to 34,777.58 and the 50-share NSE Nifty slipped 62.10 points to 10,571.20. shares have advanced, 895 shares declined, and 86 shares are unchanged. 

Reference By- https://www.moneycontrol.com/news/business/markets/market-live-sensex-dips-100-pts-amid-political-turmoil-in-italy-mm-coal-india-rally-2578491.html