The S&P BSE Sensex on Wednesday jumped over 100 points, while the broader Nifty went above its key 8,800 level. The Nifty opened 14 points up at 8,790, while the Sensex opened 31 points up at 28,554. The Bank of Japan refrained from cutting interest rates from -0.1% at its monetary policy meeting, choosing instead to modify its existing policy framework.
The S&P BSE Sensex is trading at 28,672 up 149 points, while NSE Nifty is trading at 8,799 up 23 points. The BSE Mid-cap Index is trading up 0.52% at 13,186 whereas BSE Small-cap Index is trading up 0.77% at 12,896.
Adani Ports, Bharti Airtel, GAIL, Axis Bank, Sun Pharmaceuticals and Power Grid are among the gainers, whereas Hero MotoCorp, Maruti Suzuki, Bajaj Auto and ONGC are losing sheen on BSE.
Some buying activity is seen in telecom, realty, capital goods, consumer durables, utilities and pharma sectors, while auto sector is showing weakness on BSE.
On the global front, the US Federal Reserve and the Bank of Japan are both scheduled to deliver their latest monetary policy decisions on Wednesday.
The INDIA VIX is down 0.08% at 14.7675. Out of 1,851 stocks traded on the NSE, 393 declined, 1,075 advanced and 383 remained unchanged today.
A total of 30 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.
The rupee opened higher two paise at 66.99/$ against US Dollar Wednesday as against the previous close of 67/$.
Asian markets got off to a tentative start. Shanghai Composite and Hang Seng are trading in red, while Nikkei 225 is marginally down.
Wall Street closed flat on Tuesday. The Dow Jones industrial average rose 9.79 points, or 0.05%, to 18,129.96, the S&P 500 gained 0.64 points, or 0.03%, to 2,139.76 and the Nasdaq Composite added 6.33 points, or 0.12%, to 5,241.35. Oil prices were up in early Asian trade with US crude oil futures up 2% to USD 44.85 per barrel.
In the cabinet meeting today, the government to consider the finance ministry's proposals to reform the entire budgetary process, including advancing the date of budget presentation, merging the Railway budget with general budget and dropping the plan and non-plan distinction.
Moody's Investors Service said the reforms undertaken by the government will help boost investor confidence and bolster growth potential, but cautioned muted private investment and banking sector risks will remain a constraint on India's sovereign rating.
The initial public offering (IPO) of ICICI Prudential Life Insurance Co. Ltd, excluding the anchor book, was subscribed 51.96% on Tuesday, the second of the three-day offering.
The S&P BSE Sensex is trading at 28,672 up 149 points, while NSE Nifty is trading at 8,799 up 23 points. The BSE Mid-cap Index is trading up 0.52% at 13,186 whereas BSE Small-cap Index is trading up 0.77% at 12,896.
Adani Ports, Bharti Airtel, GAIL, Axis Bank, Sun Pharmaceuticals and Power Grid are among the gainers, whereas Hero MotoCorp, Maruti Suzuki, Bajaj Auto and ONGC are losing sheen on BSE.
Some buying activity is seen in telecom, realty, capital goods, consumer durables, utilities and pharma sectors, while auto sector is showing weakness on BSE.
On the global front, the US Federal Reserve and the Bank of Japan are both scheduled to deliver their latest monetary policy decisions on Wednesday.
The INDIA VIX is down 0.08% at 14.7675. Out of 1,851 stocks traded on the NSE, 393 declined, 1,075 advanced and 383 remained unchanged today.
A total of 30 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.
The rupee opened higher two paise at 66.99/$ against US Dollar Wednesday as against the previous close of 67/$.
Asian markets got off to a tentative start. Shanghai Composite and Hang Seng are trading in red, while Nikkei 225 is marginally down.
Wall Street closed flat on Tuesday. The Dow Jones industrial average rose 9.79 points, or 0.05%, to 18,129.96, the S&P 500 gained 0.64 points, or 0.03%, to 2,139.76 and the Nasdaq Composite added 6.33 points, or 0.12%, to 5,241.35. Oil prices were up in early Asian trade with US crude oil futures up 2% to USD 44.85 per barrel.
In the cabinet meeting today, the government to consider the finance ministry's proposals to reform the entire budgetary process, including advancing the date of budget presentation, merging the Railway budget with general budget and dropping the plan and non-plan distinction.
Moody's Investors Service said the reforms undertaken by the government will help boost investor confidence and bolster growth potential, but cautioned muted private investment and banking sector risks will remain a constraint on India's sovereign rating.
The initial public offering (IPO) of ICICI Prudential Life Insurance Co. Ltd, excluding the anchor book, was subscribed 51.96% on Tuesday, the second of the three-day offering.
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