Updates from : The Hindu :
The fall in crude oil prices have catapulted bullish sentiments.
The BSE benchmark Sensex opened on a positive note for the third successive session on Wednesday, rising nearly 200 points, on positive global cues as investors await comments from the US Fed and hope for a trade deal between the US and China.
The 30-share Sensex was trading 177.17 points, or 0.50 per cent, higher at 35,690.31.
The NSE Nifty too witnessed similar movement, and was trading 35.20 points, or 0.35 per cent, higher at 10,725.60.
According to analysts, the fall in crude oil prices have catapulted bullish sentiments.
“International markets will focus on the G20 meeting in Buenos Aires next week for cues on the ongoing US-China trade spat,” they added.
Top gainers include IndusInd Bank, Infosys, ITC, Kotak Bank, HDFC Bank, Hero MotoCorp, Bharti Airtel, SBI, Asian Paints, TCS, M&M and Bajaj Auto, rising up to 1.93 per cent.
While, Yes Bank was the biggest loser, falling over 4 per cent, after Moody’s Investors Service Tuesday downgraded Yes Bank’s ratings to non-investment grade and changed the bank’s outlook to negative from stable on the back of various resignations from the board.
Other losers include, ONGC, NTPC, Coal India, Tata Motors, Adani Ports, Wipro, Vedanta and Axis Bank, falling up to 1.33 per cent.
Meanwhile, the rupee depreciated by 10 paise to 70.89 against the US dollar in early trade at the interbank foreign exchange amid strengthening of the US dollar against some currencies overseas.
On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 811.52 crore and domestic institutional investors (DIIs) were net buyers to the tune of ₹31.21 crore, provisional data available with BSE suggested.