Indian shares opened on a positive note on Wednesday, mirroring firm cues from global markets as oil prices extended declines and yields stabilized after recent surge.
The benchmark S&P BSE Sensex was up 150 points, or 0.2 percent, at 64,722 in early trade while the broader NSE Nifty index was up 43 points, or 0.2 percent, at 19,324.
Metal stocks traded higher, with JSW Steel, Tata Steel and Hindalco rallying 2-3 percent after reports of new stimulus in China and Japan.
Among the prominent decliners, Divis Laboratories, Cipla, HDFC Life and Apollo Hospitals Enterprise all were down around 1 percent.
Reliance Industries rose half a percent on reports it is close to acquiring Walt Disney’s India operations in a cash and stock deal.
Tech Mahindra also added half a percent ahead of its Q2 earnings release.
NDTV was slightly lower after quarterly profit dropped 51 percent on lower revenue.
Infosys fell about 1 percent on going ex-dividend.
Market Analysis
Sensex, Nifty Follow Global Peers Higher As Yields Stabilize
2023-10-25 04:22:28
