At 9:15 AM, the BSE Sensex opened higher by 105.7 points at 28849.04, while the Nifty50 opened higher by 24.8 points at 8904.40 mark.
There are 942 advances, 414 declines and 427 unchanged stocks on NSE in the morning hours of Wednesday’s trading session.
ONGC is the Nifty top gainer and Tech Mahindra is the Nifty top loser in the morning hours. ONGC is trading at Rs 196.40 per share, up by 1.47% whereas Tech Mahindra is trading at Rs 494.40 per share down by 1%.
The rupee opened at 66.78 per dollar lower by 9 paise.
Nifty50 has support placed at the 8,860 level, and if this support is breached, the next support is placed at the level of 8820. While on the upside, the levels of 8,925 and 8,980 are likely to act as immediate barriers in the short term.
The Dow on Tuesday halted its record-setting streak as investors remained cautious ahead of a speech by President Donald Trump. The Dow Jones Industrial Average shed 25 points to close at 20,812.24. The S&P 500 dropped 6.11 points to finish at 2,363.64. The Nasdaq Composite Index fell 36.46 points to end at 5,825.44.
On Wednesday, Asian shares edged higher. Japan’s Nikkei 225 surged 0.45%. Hong Kong’s Hang Seng gained 50 points to 23,791 and China’s Shanghai Composite gained 5.71 points to 3,247.44.
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