Equity benchmark indices extended their rally for the fourth consecutive session in Wednesday’s trade. Today’s rally was led by Infosys, Reliance Industries, HDFC twins, Axis Bank, and TCS.
The Sensex 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.
IndusInd Bank 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.