NEW DELHI: A rally in domestic currency along with softening crude oil prices helped the Indian equity markets to kick-off Wednesday's session on a positive note.c, helping the markets face north, as oil prices plummeted more than 5 percent on Tuesday amid fears of oversupply and worsening demand, extending a selloff that has taken major crude benchmarks down more than 30 per cent from an October peak.
Meanwhile, a falling crude also buoyed the rupee.
It gained past the 70-mark in today's session.Around 9:30 am, the BSE Sensex rallied 115.91 points, or 0.32 per cent, at 36,462.99, while the Nifty50 surged 45.30 points, or 0.42 per cent to 10,954.00.
On Sensex, 22 stocks gained while just eight declined.
Asian Paints was the biggest leader and advanced over 2 per cent.
Other gainers were YES Bank, SBI, Maruti, Bharti Airtel and ITC.
ITC contributed most to the Sensex's gain in early morning trade.Infosys, Vedanta and TCS were among the top losers on Sensex.
Each of these stocks shed 1 per cent.In the 50-share index 38 stocks advanced while 12 declined.
On the BSE sectoral front, barring IT and Teck all other sectoral indices opened with a bullish sentiment.
Top sectoral gainers were - FMCG, Realty and Oil gas.
BSE Midcap and BSE Smallcap witnessed gains and rose 0.68 per cent and 0.58 per cent, respectively.The advance decline ratio on BSE stood at 3:1, meaning for every three stocks that gained, one lost.