INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Benchmark indices opened on a higher note on Wednesday, tracking a slide in crude prices globally
At 9.21 am, the BSE Sensex gained 192.49 points, or 0.55 per cent, to 35,336.98 while Nifty50 was ruling at 10,646, up 63.50 points, or
"We expect thh ongoing upmove to extend towards 10,700-10,750 levels
Monday’s high of 10,645 would be seen as immediate level to watch out for
On the flipside, 10,540-10,500 would now be seen as intraday supports," said Sameet Chavan of Angel Broking.
Among Sensex stocks, Asian
Paints climbed 3.16 per cent to Rs 1,325.40 on BSE
Maruti Suzuki, Tata Steel, Hero MotoCorp and Tata Motors advanced 1.97 per cent, 1.89 per cent, 1.68 per cent and 1.64 per cent,
IndusInd Bank added 1.59 per cent to Rs 1,507.95
Sun Pharma, Infosys, TCS and Wipro declined 2.62 per cent, 1.05 per cent, 0.98 per cent and 0.67 per cent, respectively
Sun Pharmaceutical Industries fell as the company reported a consolidated net loss of Rs 218.82 crore for the July-September quarter on
account of a Rs 1,214-crore provision for the settlement of the Modafinil antitrust case in the US
Oil markets remained on a weak footing on Wednesday after a 7 percent slump the previous session, with surging supply and expectations of
faltering demand pressuring crude prices, Reuters reported
US WTI crude oil futures were at $55.66 per barrel, down 3 cents from their last settlement, the report added
A weakness in crude oil prices pushed the rupee higher, which dragged export-oriented counters.
Shares of Ashok Leyland declined 3 per cent
after CEO and MD Vinod Dasari, who spent 14 years steering the commercial vehicle manufacturer, quit for “personal reasons.
The day will
see 1,400-odd companies such as Pfizer, Future Retail, Unitech, HDIL, Indiabulls Integrated Services, Den Networks, NHPC, CESC, Indian
Hotels, Cox Kings, IPCA Labs, PC Jeweller and United Breweries to announce their quarterly results.
