Nifty around 10,700, Market up over 100 points; DHFL slips 7%

It is a strong start for the Indian indices on Wednesday with Nifty is trading around 10,700.

At 09:17 hrs IST, the Sensex is up 148.83 points at 35741.33, while Nifty is up 41.10 points at 10693.30. About 472 shares have advanced, 299 shares declined, and 35 shares are unchanged. 

Axis Bank, HCL Tech, Bank of Baroda, Bajaj Finserv, Indiabulls Housing, Yes Bank, ICICI Bank are among major gainers on the indices, while losers include Adani Ports, BPCL, HDFC Bank, Hero Moto, Dr Reddy's Lab. Benchmark indices gained in the pre-opening session with Nifty trading above 10,700 level.

At 09:01 hrs IST, the Sensex is up 92.03 points at 35684.53, while Nifty is up 58.60 points at 10710.80.

Shares of DHFL is trading 10 percent higher post company clarified on the allegation against the company.US stock futures and Asian equities eked out modest gains on Wednesday as investors seized on Apple Inc's earnings and comments from its chief that US-China trade tensions were easing, sending the iPhone maker's shares soaring in after-hours trade. Trends on SGX Nifty indicate a flat opening for the broader index in India. Nifty futures were trading around 10,693.50-level on the Singaporean Exchange.

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