NEW DELHI: Headline indices Sensex and Nifty opened in positive territory on Wednesday, underpinned by positive macro numbers in terms of soft inflation prints and narrowing trade deficit.
However, weakness in Asian markets capped gains.
A day after Asian stocks surged on hopes of Chinese stimulus to its economy, most Asian markets tumbled after British lawmakers rejected Prime Minister Theresa May's deal, prompting a no-confidence vote against her.
Analysts are of view that a fresh spell of volatility may ensue in global markets if May loses no-confidence vote.After opening with mild gains, Sensex rose over 130 points and Nifty topped 10,915 within first 10 mins of trade, on back of healthy buying in bank and energy stocks.
At 9:30 am, BSE Sensex was 119 points, or 0.33 per cent, up at 36,438, while Nifty50 index was 32 points, or 0.29 per cent, up at 10,918.The Sensex kitty had 21 gainers and 10 losers, while Nifty pack had 30 stocks in green and 20 in red.IndusInd Bank (up 1.49 per cent) was leading pack of Sensex gainers, followed by Vedanta, ICICI Bank, Reliance Industries, Axis Bank and State Bank of India.On other hand, Hero MotoCorp, ITC, TCS, HDFC Bank, Sun Pharma and Tata Motors were among losers in Sensex index.The BSE Midcap and Smallcap indices were 0.41 per cent and 0.44 per cent up, respectively, around that time.Barring FMCG, all sectoral indices were in green on BSE.
Losses in shares of ITC, Nestle India, Dabur India, Emami and Zydus Wellness weighed on BSE FMCG index.DCB Bank, Mindtree, HT Media, Phillips Carbon, 5paise Capital, Motilal Oswal Financial Services and White Organic Agro are among 11 companies which will announce their December quarter results today.