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Nifty, Sensex open firm; ONGC jumps 4 pct


New Delhi: The market on Wednesday opened in green with the Sensex trading up 74.35 points or 0.3 percent at 27882.49.

On the other hand, the Nifty traded up 1.95 points at 8523.

Shares such as ONGC, Tata Steel, ICICI Bank, BHEL and Coal India were among top gainers while Sun Pharma, Dr Reddy’s, HUL and Maruti were among losers.

The Indian rupee opened higher by nine paise at 67.09 per dollar on Wednesday against previous close 67.18.

According to the market analysts, the rupee will consolidate its gains and continue its momentum, trading at 66.75-67.45/dollar.

Weak yen is headed for its worst three-day slump since 2014. As investors await details of Prime Minister Shinzo Abe’s fiscal stimulus plans, the pound strengthened. Among global peers, Asian shares came within reach of testing their 2016 peak on Wednesday as prospects of solid US growth and accommodative economic policy in major countries whet investors risk appetite damaged by uncertainty from Brexit. (ANI)

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