INSUBCONTINENT EXCLUSIVE:
Sensex and Nifty had paused a 4-day losing streak in the previous trading session.New Delhi: The Indian equity indices opened higher on
Wednesday led by gains in information technology and pharma stocks
Global share markets fell as crude oil prices climbed further, driven by the United States banning Russian oil and other energy imports over
Moscow's invasion of Ukraine
Crude climbed further to trade above $131 a barrel mark.Back home, as of 9:16 am, the benchmark BSE Sensex jumped 229 points or 0.43 per
cent to 53,653; while the broader NSE Nifty rose 59 points or 0.37 per cent to 16,072.Mid-and small-cap shares were trading in the positive
zone as Nifty Midcap 100 index moved 0.94 per cent higher and small-cap shares gained 1.44 per cent.12 out of the 15 sector gauges --
compiled by the National Stock Exchange -- were trading in the green
Nifty IT and Nifty Pharma were outperforming the index by rising as much as 1.30 per cent and 1.35 per cent, respectively
Nifty Metal fell as much as 0.75 per cent.On the stock-specific front, Adani Ports was the top Nifty gainer as the stock surged 2.20 per
Tech Mahindra, Hindustan Unilever, Infosys and Maruti Suzuki India were also among the gainers.On BSE, the overall market breadth was
slightly positive as 2,208 shares were advancing while 441 were declining.On the 30-share BSE index, TechM, Maruti, Sun Pharma, Infosys, Dr
Reddy's and Hindustan Unilever were among the top gainers
In contrast, PowerGrid, Asian Paints, Tata Steel, Kotak Mahindra Bank, Nestle India were trading in the red.Both the indices had paused a
4-day losing streak in the previous trading session
Sensex had surged 581 points or 1.10 per cent to settle at 53,424 in a volatile trading on Tuesday, while Nifty had moved 150 points or 0.95
per cent higher to close at 16,013.