Indices open higher with Nifty above 11,500; Bank Nifty at a record high
It is a strong start for the Indian indices with Nifty above the 11,500 level.
The Sensex is up 171.44 points at 38404.85, while Nifty is up 40.50 points at 11523.80. About 559 shares have advanced, 239 shares declined, and 31 shares are unchanged.
IOC, Yes Bank, IndusInd Bank, IOC, HDFC Bank, SBI, HUL are among major gainers on the indices, while losers are Rel Comm, REC, BPCL and HPCL.
Nifty Bank has reported a record high with index trading above 30000 level. The benchmark indices are trading higher in the pre-opening with Nifty around 11,550 mark
Jet Airways, UCO Bank, PNB and BoB are among major gainers in the pre-opening.
At 09:02 hrs IST, the Sensex is up 149.19 points or 0.39% at 38382.60, and the Nifty up 61.60 points or 0.54% at 11544.90. The Indian rupee is trading lower by 9 paise at 68.95 per dollar on Wednesday versus 68.86 yesterday. Shares of GMR Infra rose 9 percent in the early trade on Wednesday on proposed investment from Tata Group, GIC and SSG Capital worth of Rs 8000 crore.source- www.moneycontrol.com
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