INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Braving trade war tensions, the bulls on Dalal Street took a giant leap in the opening deals on Wednesday.
At 09:22 am, the SP
BSE Sensex was trading a good 134 points higher at 35,420.84, with Mahindra Mahindra, Vedanta and Axis Bank leading the gains.
The NSE's
Nifty50 pack was trading 39.45 points or 0.37 per cent higher at 10,749.90, with 38 constituents in the green and 12 in the red
Volatility index VIX declined 2.49 per cent to 12.59.
Among specific stocks, IIFL Holdings climbed as much as 3.56 per cent in early trade
after the company's wealth management arm raised Rs 745.71 crore by selling 5.1 per cent stake to a clutch of investors
At 09:29 am, shares of the company were trading at Rs 708.20 apiece on BSE, up 1.31 per cent.
Cipla surged over 3 per cent after it received
final approval for its Abbreviated New Drug Application (ANDA) for Efavirenz Tablets 600mg from the USFDA
At 09:32 am, the scrip was trading at Rs 617.45 apiece on BSE, up 2.52 per cent
In the sectoral landscape, all indices except PSU bank stocks were trading in the positive territory
Realty stocks were leading the pack with the Nifty Realty pack trading 1.28 per cent higher at 284.55
On the global front, stocks in Asia rebounded from recent losses as investors sought bargains, a day after the spectre of a US-China trade
war drove down bond yields and share and commodity prices, Reuters reported
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent while Japan's Nikkei gained 0.2 per cent
South Korea's KOSPI rose 0.7 per cent, and Australian stocks were 0.8 per cent higher, the report added.
