HDFC Bank, L&T lift Sensex over 300 points higher, Nifty above 24,550
Sensex and Nifty50, traded higher on Wednesday for the fourth consecutive session, supported by gains in index heavyweights HDFC Bank, ITC, and L&T, ahead of the Reserve Bank of India's interest rate decision later in the week.
As of 9:50 am, the BSE Sensex was up by 317 points, or 0.39%, at 81,162.75, while the Nifty50 gained 96.15 points, or 0.39%, trading at 24,550.
L&T, NTPC, ITC, Tech Mahindra, HDFC Bank, and Infosys were the top gainers on the Sensex in early trade, rising between 0.5% and 1%. In contrast, Bharti Airtel, Reliance Industries, ICICI Bank, and Tata Motors opened lower.
Meanwhile, Asian markets opened lower after South Korea imposed martial law and lifted it hours later. Overnight, most Wall Street equities finished higher, with S&P 500 and Nasdaq closing at record highs.
Among individual stocks, Reliance Power shares opened with a 5% upper circuit after the company announced that Solar Energy Corporation of India Limited (SECI) has withdrawn its debarment notice with immediate effect.
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Introduction
