INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Headline indices Sensex and Nifty kicked off Wednesday's trade on a positive note amid firm global cues
At 09:19 am, the SP BSE Sensex was trading 56 points higher at 37,662, with Vedanta (up 2 per cent) being the top gainer and Tata Motors
(down 3.54 per cent) the worst laggard
The 30-share pack hit a new lifetime peak of 37711.87 in the opening deals
The broader Nifty50 index of National Stock Exchange (NSE) was trading at 11,375.35, up 19 points with 36 components in the green and 14 in
the red.
"The bulls seem to be active in the broader market as well, which is encouraging for the overall market sentiment
The benchmark index is now approaching the short term target of 11,450, beyond which 11,640 shall be the subsequent level to watch out for
On the other hand, any minor degree dip is likely to find support near 11,260-11,210," said Gaurav Ratnaparkhi, Senior Technical Analyst,
Sharekhan by BNP Paribas.
Oil-to-telecom behemoth Reliance Industries hit its fresh lifetime high of Rs 1,197 apiece on BSE after an
arbitration panel issued an award in favour of Reliance-led consortium in the so-called gas migration dispute case
the KG basin and must return the gains by paying $1.55 billion to the government, said an ET report
At 09:30 am, the stock was trading 0.65 per cent higher at Rs 1,193.50 apiece on BSE.
In the sectoral landscape, PSU bank gained the most,
followed by metal and FMCG
At 09:30 am, the Nifty PSU bank index was trading 0.81 per cent higher at 3,211.95.
On the global front, Asian shares traded higher in early
trade, tracking firmer Wall Street finish though reports that Washington plans to raise tariffs on $200 billion of Chinese goods have put
the focus back on volatile Sino-US trade relations, Reuters reported
