Equity benchmark indices opened higher for the second consecutive session, with the Sensex gaining 131 points at 36,449. The Nifty rose 39 points to 10,926 led by Reliance Industries, ICICI Bank, Infosys, Axis Bank, and SBI.
On the sectoral front, FMCG, IT, and pharma indices declined, while Media, Banking, Auto, Realty and Metal indices surged in today’s trade.
The market breadth was positive with 1,015 shares advancing, 458 shares declining, and 569 remaining unchanged.
Zee, Indiabulls HF, Grasim, IndusInd Bank, and Infratel were the top gainers on the Nifty50, while UPL, Tech Mahindra, TCS, ITC, JSW Steel were trading in the red.
Shares of Zee Entertainment rallied 3% after the consolidated revenue grew by 17.9% yoy and 9.7% qoq to Rs2,167cr. The rise in revenue was mainly on account of robust advertisement revenue growth owing to higher ad spends across categories and increase in the company's network viewership share.
Volatility index India VIX is down 0.52% to 15.50.
The most active stocks were Zee, Vedanta, Yes Bank, Reliance Industries, Infosys, and GTL Infra.
The Indian rupee appreciated 0.13% to 70.93 after depreciating to 71.10/$ at the open against the greenback.
Asian stock markets were trading flat on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to pull out Britain from the European Union.
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