INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Headline equity indices Sensex and Nifty started Wednesday's session on a positive note as investor sentiment got a boost from
the further decline in crude oil prices
Crude oil prices came under pressure after data showed a larger-than-expected increase in the US crude stockpiles.
Moreover, analysts say
that improved prospects for Prime Minister Modi in the forthcoming general elections has infused optimism in the market
Foreign portfolio investors (FPIs) bought Rs 752 crore worth of domestic stocks on Tuesday, data available with NSE suggested
DIIs were net buyers to the tune of Rs 581 crore.
Sensex jumped over 160 points and Nifty topped 11,030 in the opening deals
BSE Midcap and Smallcap indices jumped over 1 per cent each
Around 9:25 am, the BSE Sensex was 149 points, or 0.41 per cent, up at 36,591, while the Nifty index was 43 points, or 0.39 per cent, up at
11,031.
ICICI Bank, Vedanta, State Bank of India, ITC and Bharti Airtel were among the top gainers in Sensex kitty
On the flip side, Axis Bank, Bajaj Auto, Tata Motors, Sun Pharma and Hero MotoCorp were among the top losers
All sectoral indices on BSE were witnessing healthy buying
Basic materials, industrials, telecom, capital goods, metal, oil gas and power sectors rose over 1 per cent each.
Shares of ITC jumped
nearly 2 per cent after the leading cigarette maker increased the price of three brands - Bristol, Flake Excel and Capstan
The Kolkata-headquarted company has increased the prices by about 7 per cent to 14 per cent
IT major Wipro jumped over 4 per cent
Shares of the company will turn ex-bonus today
The firm has fixed March 7 as the record date to determine eligible shareholders for 1:3 bonus shares
However, rupee opened 10 paise down at 70.59 against the US dollar on account of buying in American currency by banks and importers.
