Equity benchmark indices opened higher on Wednesday amid positive global cues. In the state elections outcome yesterday, the BJP lost power in the three key states of Rajasthan, Madhya Pradesh and Chhattisgarh.
The Sensex rose 300 points to 35,452, while the Nifty jumped 88 points to 10,637. The market breadth is positive as 1,243 shares advanced, 270 shares declined, and 511 shares remained unchanged.
All sectoral indices are trading higher, with most gains seen in metals, infrastructure, banks, and automobiles stocks.
Shares of Yes Bank gained 4% ahead of the board meeting on December 13 to discuss the successor to Rana Kapoor whose term as the MD and CEO ends on January 31, 2019.
Shaktikanta Das, a former economic affairs secretary, was appointed as the new governor of the central bank on Tuesday.
Meanwhile, the Indian rupee opened lower by 35 paise at 72.20/$.
Volatility index India VIX is down 9.08% to 16.31.
The most active stocks were Yes Bank, RIL, Indiabulls HF, Sun Pharma, and Kotak Mahindra Bank.
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