Shrugging off a weak lead from Asian markets,
stocks opened on a firm note on the Indian bourses on Wednesday, with
investors indulging in some hectic bargain hunting at several counters
following Tuesday's severe setback.
Information technology stocks are up, riding on a weak rupee. Metal, healthcare, oil, consumer durables and automobile stocks are also mostly trading notably higher.
Select capital goods, power and bank stocks are trading firm. PSu and FMCG stocks are mostly flat, while realty stocks are trading weak.Midcap and smallcap segments are seeing stock specific activity.
The BSE benchmark Sensex, which rallied to 18,476.76, is currently up 221.80 points or 1.22% at 18,456.46. The Nifty index of the National Stock Exchange is up 67.45 points or 1.3% at 5408.90.
Meanwhile, the rupee, which opened 47 paise down against the U.S. dollar, at 68.10, declined to 68.30 subsequently.
Information technology stocks are up, riding on a weak rupee. Metal, healthcare, oil, consumer durables and automobile stocks are also mostly trading notably higher.
Select capital goods, power and bank stocks are trading firm. PSu and FMCG stocks are mostly flat, while realty stocks are trading weak.Midcap and smallcap segments are seeing stock specific activity.
The BSE benchmark Sensex, which rallied to 18,476.76, is currently up 221.80 points or 1.22% at 18,456.46. The Nifty index of the National Stock Exchange is up 67.45 points or 1.3% at 5408.90.
Meanwhile, the rupee, which opened 47 paise down against the U.S. dollar, at 68.10, declined to 68.30 subsequently.
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