Equity benchmark indices opened in the positive territory with the recovery seen in global markets. However, the stock markets were off opening lows, with the Sensex was up 145 points at 30,725 and the Nifty also rose 40 points or 0.45% at 9,007.
Among sectors, gains were seen across sectors in IT, pharma and metal stocks, while realty, auto and Bank Nifty index were under pressure.
Yes Bank, Zee Entertainment, Sun Pharma, IndusInd Bank and Vedanta are among major gainers on the NSE, while losers are Grasim, Nestle and Kotak Mahindra Bank.
The Indian rupee opened higher by 26 paise at 73.98 per dollar on Wednesday against Tuesday's close of 74.24/$.
Asian markets were trading mixed on Wednesday morning trade as stocks on Wall Street bounced back overnight on hopes of stimulus as the country grapples with the coronavirus outbreak.
In Japan, the Nikkei 225 gained 1.7%, the Topix index added 2.17%, the Shanghai Composite up 0.69%, while Hong Kong’s Hang Seng index dipped 0.45%. South Korea’s Kospi slipped 0.5%.
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