HDFC Bank, HDFC and Reliance Industries contributed the most to the advances on SensexDomestic stock markets started Wednesday's session on a higher note amid choppy trade in Asian peers.
The SP BSE Sensex rose as much as 190.42 points to 39,160.22 in early trade, and the NSE Nifty moved to 11,753.90, up 44.8points from the previous close.
The benchmark indexes advanced after swinging between gains and losses in the first few minutes of trade.At 9:36 am, the Sensex traded with a gain of 57.68 points - or 0.15 per cent - at 39,027.48, while the Nifty was up 11.15 points - or 0.10 per cent - at 11,720.25.Market breadth was largely neutral, with650 advancers against 623 decliners on the Bombay Stock Exchange.Top gainers on the 50-scrip index at the time were Bharat Petroleum, HCL Tech, ICICI Bank, Adani Port and Sun Pharma, trading between 0.93 per cent and 1.44 per cent higher.HDFC Bank, HDFC and Reliance Industriescontributed the most to the advances on Sensex.On the other hand, top laggards on the Nifty were Tech Mahindra, Yes Bank, IndusInd Bank, Indiabulls Housing Finance and HUL, trading with losses of between 1.30 per cent and 2.78 per cent.Equities in other Asian marketswere on shaky ground amid worries about trade frictions between the world's two largest economies, the US and China.MSCI's broadest index of Asia-Pacific shares outside Japan moved in and out of the red and last stood little changed.Japan's Nikkei edged up 0.3 per cent.The Chinese markets, which have endured a volatile few months, started off on a cautious note.
The Shanghai Composite Index was last down 0.1 per cent.Australian stocks gave up 0.1 per cent and South Korea's KOSPI fell 0.2 per cent.The SP BSE Sensex and NSE Nifty 50 indexes had snapped a three-day winning streak the previous day.
The Sensex and Nifty ended 0.97 per cent and 1 per cent lower respectively on Tuesday.(With inputs from Reuters)Election Results for Lok Sabha Election 2019 will be out on May 23.
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