MARKETS LIVE: Sensex up 200 points, Nifty over 11,250; Zee Media down 7%

Markets extended Tuesday’s gains during the early trade on Wednesday with both the indices trading higher. While the benchmark S&P BSE Sensex opened over 200 points up at 37,539, the broader Nifty50 opened at 11,271 mark.

At 9:30 am, the Sensex was trading 100 points higher, while the Nifty50 was hovering around 11,250 mark.

Major contributors towards the early gains were HDFC Bank, ICICI Bank, Axis Bank, Reliance and ITC who were trading up to 0.8 per cent higher.

Across the broader market, Nifty mid-cap and small-cap indices were outperforming the market and were up 0.5 per cent and 0.38 per cent respectively.

All the sectoral indices were trading in the green barring Nifty PSU Bank and Nifty Media. Nifty Realty was up 0.7 per cent higher, followed by Nifty Bank, Auto and Private bank, up almost 0.4 per cent each.

The rupee on Wednesday opened 10 paise higher at 70.34 against the US dollar.READ MORE

MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.05 per cent with South Korea’s KOSPI slipping 0.1 per cent and Japan’s Nikkei shedding 0.4 per cent.

On Wall Street, indices closed at a one-month-high during the overnight trade on Tuesday, rallying close to a per cent each.

The Dow Jones Industrial Average ended 207 points higher at 25,532 while the S&P500 closed 23 points up at 2,834 levels. The Nasdaq gained 87 points to end at 7,734 levels.

Oil eased on Wednesday after data showed a surprise rise in US crude stockpiles. Prices were, however, supported by mounting tensions in the Middle East.
Brent crude futures were at $70.90 a barrel at 6:30 am, down 0.7 per cent, from their last close.

(With inputs from Reuters)

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